Petrol nears ₹110 in Jaipur, diesel crosses ₹95 after third hike in 9 days
Synopsis
Key Takeaways
Fuel prices in Rajasthan surged again on Saturday, 23 May as oil companies raised petrol and diesel rates for the third time in nine days, pushing petrol in Jaipur to ₹109.87 per litre and diesel to ₹95.09 per litre. The cumulative increase over the past nine days stands at ₹5.12 per litre for petrol and ₹4.84 per litre for diesel, deepening inflationary pressure on households and transport operators.
District-wise Price Surge Across Rajasthan
The hike was felt uniformly across the state. Kota recorded a 93-paise increase, with petrol rising from ₹108.45 to ₹109.38 per litre. In Sikar, rates climbed from ₹109.84 to ₹110.77 per litre, while Udaipur saw prices move from ₹109.73 to ₹110.66 per litre. Ajmer and Jodhpur each recorded a 93-paise rise, taking petrol to ₹109.48 and ₹109.66 per litre respectively.
The steepest rates were recorded in Sawai Madhopur and Barmer, where petrol crossed ₹111 per litre after 94-paise hikes, reaching ₹111.34 and ₹111.31 per litre respectively. Bhilwara saw a 93-paise rise, with petrol touching ₹110.16 per litre. The trend is not confined to Rajasthan — fuel prices have risen in major metropolitan cities as well, reflecting a nationwide upward movement in retail selling prices.
What Is Driving the Price Rise
Market analysts and local trade bodies attribute the current inflationary cycle to a convergence of international and domestic pressures. Gulf tensions have created uncertainty over the Strait of Hormuz, threatening crude supply routes. Separately, growing biodiesel demand globally has drawn edible oils away from food consumption, tightening availability and lifting prices. The depreciation of the Indian rupee against the US dollar has compounded the problem, making imports of crude oil and edible oils more expensive in domestic currency terms.
Impact on Food Prices and Supply Chains
The ripple effects are already visible in agricultural markets. According to traders at the Lalsot Agricultural Produce Market (Mandi), mustard prices have risen sharply by nearly ₹600–₹700 per quintal in the last 10 days, adding pressure on edible oil and grocery prices.
Trade representatives, including Grain Merchants Association President Satyanarayan Sonkhiya, former president Naval Kishore Jhalani, and trader Suresh Chaudhary, noted that diesel prices directly influence freight and logistics costs. According to these traders, once diesel crosses the ₹95-per-litre threshold, transport operators typically revise freight charges upward — a tipping point that has now been reached. This is expected to affect supplies of vegetables, fruits, pulses, and groceries reaching Jaipur's Muhana Mandi, potentially pushing essential commodity prices higher within days.
What Consumers and Traders Should Expect Next
With diesel already past the critical ₹95 mark and international crude markets remaining volatile, further price adjustments cannot be ruled out in the near term. Household budgets, particularly in smaller towns and rural areas where fuel costs form a larger share of daily expenditure, are likely to feel the squeeze most acutely. Analysts will be watching crude oil movements and rupee stability closely for signals on whether another revision is imminent.