Indian Oil Corporation has increased industrial diesel prices from ₹87.67 to ₹109.59 per litre, following a hike in premium petrol rates. The fuel is used by factories, mining operations, construction sites, and power plants, and is not available at regular pumps.
India Sees Sharp Rise in Industrial Diesel Rates by IOC
New Delhi: Following the increase in premium petrol prices, industrial diesel (Diesel Price Hike in India) has also become more expensive. Indian Oil Corporation Limited has made a major revision in the price of industrial diesel, increasing it from ₹87.67 per liter to ₹109.59 per liter. This decision is expected to impact the industrial sector, logistics, and transportation costs.
Industrial diesel is not available at regular petrol pumps. It is used directly by large consumers such as factories, large generators, mining companies, construction sites, and power plants. Previously, oil companies had increased the prices of branded and high-octane premium petrol by approximately ₹2 per liter. However, there has been no change in the price of regular petrol, providing relief to consumers.
According to economic analysts, if this increase in fuel costs continues, it could gradually impact inflation and the supply chain. Energy market experts say this increase signals instability in the global crude oil market and growing concerns about supply. The ongoing tensions in the Middle East have increased pressure on the global energy supply chain, leading to higher costs for oil companies.
While it is a relief for ordinary consumers that there has been no change in the prices of regular petrol and diesel, experts believe that rising industrial fuel costs could increase the cost of production and transportation, which could ultimately impact the prices of goods and services. This is likely to increase inflationary pressure in the future.
India imports a large portion of its oil needs, so fluctuations in international crude oil prices directly impact domestic fuel prices. At present, vehicle drivers have definitely got relief due to the stable prices of general fuel, but due to the uncertainty in the energy market, the possibility of further change in prices cannot be ruled out.
