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    Home»Economy & Business»Corporate & Industry»Transport association urges government to cut fuel prices as crude falls to $90/barrel
    Corporate & Industry

    Transport association urges government to cut fuel prices as crude falls to $90/barrel

    AdminBy AdminMay 30, 2026No Comments2 Mins Read0 Views
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    The All India Motor & Goods Transport Association (AIMGTA) on Saturday urged the Central Government to reduce petrol and diesel prices, citing a significant decline in international crude oil prices from approximately $104 per barrel to around $90 per barrel.

    In a press statement, the association said the benefit of the fall in global crude prices had not been passed on to domestic consumers, transporters, or the general public. Petrol in Delhi is currently priced at approximately Rs 102.12 per litre and diesel at Rs 95.20 per litre, with prices in several other states even higher, it said.

    Also read: India faces test of oil, inflation and monsoon risks despite economic resilience, FinMin report shows

    The association noted that the transport sector was already under significant financial strain due to rising Environmental Compensation Charges (ECC), increasing toll taxes, heavy penalties, and various operational restrictions, all of which had made running commercial vehicles increasingly expensive.

    AIMGTA further said that in May 2026, oil marketing companies had raised petrol and diesel prices continuously over 11 days, with petrol going up by approximately Rs 7.35 per litre and diesel by Rs 7.82 per litre.

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    The body added that higher diesel prices had a direct bearing on the cost of food, vegetables, fruits, construction materials, medicines, and everyday goods, putting further pressure on inflation across the supply chain. It said the transport sector was currently facing uncertainty and financial stress.

    Also read: What is oil price prediction for Monday? Oil prices fall as US-Iran ceasefire talks support market sentiment

    AIMGTA has demanded that the government immediately pass on the benefit of the fall in crude oil prices to end consumers, effect a proportionate reduction in petrol and diesel prices, and take steps to provide relief to the transport sector to help control inflation and support economic activity.



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