Petrol up by Rs 5, diesel by Rs 3 at private outlets in Telangana

This festive season, motorists will have to shell out more for fuel as private oil companies have hiked petrol and diesel prices in the State. Both the Jio-BP and Nayara Energy have increased the price of a litre petrol by Rs. 5 and diesel by Rs.3.

With this increase, a litre of petrol costs Rs. 120.71 and diesel Rs. 106.84 at Jio-BP fuel stations across the State. However, fuel costs a bit more at Nayara Energy fuel



pumps, with a litre of petrol being sold at Rs.121.02. A litre of diesel costs Rs.106.83.

One of the main reasons for the hike in fuel prices is attributed to escalating global crude and refined product costs. A barrel of Brent crude has surged to $106.18. Initially, Nayara Energy hiked prices across its 7,000 outlets in the country and passed on the burden to consumers, followed by Jio-BP in its 2,300 outlets.