By Admin 
- There was no change in the prices of petrol and diesel on June 3.
- High prices of crude oil are bringing instability in the global energy market.
- There is a danger of inflation increasing due to increase in fuel prices.
- An increase of about Rs 7.5 per liter will affect inflation.
Petrol-Diesel Price Today on June 3: After the increase in the prices of petrol and diesel on May 25, fuel prices remained stable across India on June 3. For the past few months, due to the ongoing conflict between America and Iran and the closure of the Strait of Hormuz, global energy markets have remained unstable and crude oil prices are at high levels. The increase on May 25 was the fourth increase in prices in the last two weeks.
City wise price of petrol and diesel
| City | Petrol price (per litre) | Diesel price (per litre) |
| Delhi | Rs 102.12 | Rs 95.20 |
| Mumbai | Rs 111.18 | Rs 97.83 |
| Kolkata | Rs 113.47 | Rs 99.82 |
| Chennai | Rs 107.77 | Rs 99.55 |
| Bengaluru | Rs 110.93 | Rs 98.80 |
| Hyderabad | Rs 115.69 | Rs 103.82 |
| Ahmedabad | Rs 101.70 | Rs 97.84 |
| Lucknow | Rs 102.05 | Rs 95.55 |
| Patna | Rs 113.35 | Rs 99.36 |
danger of rising inflation
According to a CRISIL report, rising prices of petrol and diesel can put a lot of inflationary pressure on the Indian economy. Both food and core inflation are expected to increase in the coming months due to increase in transport and manufacturing costs.
It has been told in the report that since May 15 till now, the prices of retail petrol and diesel have increased by about Rs 7.5 per liter. If crude oil prices remain high worldwide, prices may increase further. Oil marketing companies are gradually reducing their losses (under-recoveries), in such a situation, the total increase in fuel prices may reach Rs 10 per liter in the coming time.
What did CRISIL estimate?
According to CRISIL’s estimates, an increase of Rs 7.5 per liter in fuel prices can directly increase Consumer Price Index (CPI) inflation by about 36 basis points (bps), while an increase of Rs 10 per liter can have an impact of about 48 bps.
It has been emphasized in the report that expenditure on transportation is such a big and important source through which fuel inflation spreads throughout the economy. The share of freight transportation in India’s logistics cost is 54 percent, while about 71 percent of the country’s freight transportation is done through road transport. Fuel accounts for about 42 percent of road transport costs, making the sector particularly sensitive to rising fuel prices.
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