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Petrol, diesel prices increased by around Rs 3 per litre across India

India has increased petrol and diesel prices by around Rs 3 per litre amid rising global crude oil prices linked to the Iran war and supply disruptions.

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Fuel Rate

India on Friday increased petrol and diesel prices by around Rs 3 per litre across major metro cities, marking the first major retail fuel price hike in nearly four years amid rising global crude oil prices linked to the ongoing Iran war and disruptions around the Strait of Hormuz.

The revised rates came into effect from May 15, with fuel prices increasing in Delhi, Mumbai, Kolkata and Chennai. According to the latest revised prices, petrol in Delhi now costs Rs 97.77 per litre, while diesel is priced at Rs 90.67 per litre.

In Kolkata, petrol prices climbed to Rs 108.74 per litre after one of the sharpest hikes among metros. Mumbai recorded petrol prices of Rs 106.68 per litre, while Chennai saw petrol rates rise to Rs 103.67 per litre.

Global crude oil surge behind hike

The increase comes as international crude oil prices remained elevated due to continuing tensions in West Asia and disruptions in global oil supply routes, particularly around the Strait of Hormuz. India, which imports a large portion of its crude oil requirements, has been facing mounting pressure from rising global energy costs.

State-run oil marketing companies had largely kept retail fuel prices unchanged despite weeks of volatility in global oil markets. However, sustained high crude prices reportedly forced companies to pass part of the burden on to consumers.

The fuel price revision is expected to impact transportation costs and household expenses, with concerns that higher fuel rates could contribute to broader inflationary pressure in the coming weeks.

First retail fuel hike in years

The latest revision is being seen as the first significant retail fuel price increase since 2022, apart from minor tax-related adjustments in recent years.

Earlier this week, Reserve Bank of India Governor Sanjay Malhotra had warned that prolonged geopolitical tensions in the Middle East could eventually force an increase in domestic fuel prices if crude oil costs remained elevated.

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Vijay allocates Tamil Nadu’s lone Rajya Sabha seat to Congress

Tamil Nadu Chief Minister Vijay has handed the state’s lone vacant Rajya Sabha seat to Congress, strengthening alliance ties ahead of the upcoming Upper House elections.

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Tamil Nadu Chief Minister and TVK chief Vijay has allotted the state’s lone vacant Rajya Sabha seat to alliance partner Congress, a move that further strengthens cooperation between the two parties after the formation of the new government. The decision comes ahead of the Rajya Sabha elections scheduled for June 18.

The allocation is being seen as an important political gesture by Vijay towards Congress, which has emerged as a key ally of the ruling coalition in Tamil Nadu. Congress currently has five MLAs supporting the government and is also represented in the state cabinet.

Sources indicate that senior Congress leader and All India Congress Committee functionary Praveen Chakravarty is likely to be the party’s nominee for the Rajya Sabha seat. His nomination is expected to be filed in the coming days.

Move reinforces TVK-Congress partnership

The decision follows recent interactions between senior Congress leaders and the Tamil Nadu leadership, including a meeting between veteran Congress leader P. Chidambaram and Chief Minister Vijay. Political observers view the Rajya Sabha seat-sharing arrangement as another step towards consolidating the alliance ahead of future electoral contests.

Congress had reportedly sought the Rajya Sabha berth from its ally, and the allocation is expected to increase the party’s representation in the Upper House from Tamil Nadu. With the latest development, Congress is set to have two Rajya Sabha members from the state along with representation in the state government.

The Rajya Sabha bypoll had earlier been viewed as an opportunity for Vijay’s TVK to secure its first direct entry into Parliament. However, the party chose to back its ally, highlighting the importance it places on coalition politics and alliance management.

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Union Cabinet approves Rs.10,000 crore jet fuel price stabilisation fund to support airlines

The Centre has approved a Rs. 10,000 crore Aviation Turbine Fuel Price Stabilisation Fund to support airlines and oil companies facing pressure from rising global fuel prices.

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The Union Cabinet on Wednesday approved a one-time budgetary support of up to Rs. 10,000 crore to help stabilise Aviation Turbine Fuel (ATF) prices for scheduled Indian airlines, offering relief to a sector grappling with elevated fuel costs amid global geopolitical tensions.

The government said the financial support will be provided to oil marketing companies (OMCs) to offset under-recoveries arising from supplying aviation fuel at moderated rates. The move is aimed at reducing the impact of sharp fuel price fluctuations on airlines and ensuring continuity of air services.

Why the government approved the fund

The decision comes as aviation fuel prices remain under pressure due to the ongoing crisis in West Asia, which has pushed up global energy costs. Fuel is one of the largest operating expenses for airlines and can account for up to 40% of total operating costs.

According to the government, the fund is intended to help maintain stable aviation operations and protect domestic and international air connectivity from disruptions caused by fuel price volatility.

How the fund is expected to help airlines and passengers

By cushioning the impact of rising fuel prices, the stabilisation mechanism is expected to ease financial pressure on airlines and limit the extent of fare increases that could otherwise be passed on to passengers. The support will be routed through OMCs, which have been bearing the burden of moderated fuel pricing.

Reports indicate that the fund has been designed as a stabilisation mechanism that can help the aviation sector manage periods of extreme fuel price volatility triggered by international crises.

Part of broader Cabinet decisions

The ATF Price Stabilisation Fund was among several key decisions approved by the Cabinet on Wednesday as part of a wider package covering aviation, transport and infrastructure initiatives.

The government said the measure is aimed at safeguarding the aviation ecosystem and ensuring that air services remain sustainable despite global market uncertainties.

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Virat Kohli’s advice to Vaibhav Sooryavanshi after IPL 2026 final wins fans online

Virat Kohli’s motivational message to teenage star Vaibhav Sooryavanshi after the IPL 2026 final has gone viral, with fans praising the veteran’s support for the young batter.

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A brief conversation between Virat Kohli and teenage batting sensation Vaibhav Sooryavanshi after the IPL 2026 final has captured the attention of cricket fans across social media.

Following Royal Challengers Bengaluru’s title-winning campaign, Kohli was seen sharing words of encouragement with the Rajasthan Royals youngster, who emerged as one of the biggest stars of the season. A video of the interaction was later shared by RCB and quickly went viral.

During the conversation, Kohli praised Sooryavanshi’s achievements and reminded him that his success was built on hard work and self-belief. The veteran batter also advised the youngster not to be distracted by public opinions or outside commentary.

One line from Kohli’s message particularly resonated with fans. Referring to the Bihar-born cricketer, he said, “Ek Bihari, sab pe bhaari,” while encouraging him to continue aiming higher in his career.

Sooryavanshi enjoyed a remarkable IPL 2026 season for Rajasthan Royals. The teenage opener finished as the tournament’s leading run-scorer with 776 runs and secured the Orange Cap. His aggressive batting approach and consistency made him one of the standout performers of the competition.

While Kohli celebrated another IPL title with Royal Challengers Bengaluru, Sooryavanshi walked away with several individual accolades after a breakthrough season that established him as one of India’s most exciting young cricket talents.

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