Fuel Up ₹3/Litre: Should You Move or Stay Put?

Petrol and diesel prices just rose for the first time in four years. If you drive 30 km daily, this hike quietly drains over ₹4,000 extra from your pocket every year. Here's how to decide if moving closer to work actually saves money.

Here's what happened: Petrol and diesel prices have risen by ₹3 per litre — the first hike in over four years — driven by rising global crude oil prices.. CNG prices also increased by ₹2 per kg in major cities including Delhi and Mumbai, raising costs for auto, cab, and CNG car users.. For a salaried professional driving a petrol car 25–30 km daily, this translates to roughly ₹300–₹400 in extra fuel spending every month..

What you should do: Calculate your actual monthly commute cost now — fuel + tolls + parking — and compare it against what you'd pay in higher rent if you moved closer to the office.. Check if your employer offers a fuel reimbursement or transport allowance; up to ₹1,600/month is tax-exempt for salaried employees under the conveyance allowance rules.. If you use CNG or a two-wheeler, compare the cost of switching to a monthly metro or bus pass — in cities like Delhi and Mumbai, this can save ₹800–₹1,500 a month..

Before deciding to relocate, factor in broker fees (typically 1–2 months rent) and the security deposit increase — moving costs can wipe out 6–8 months of fuel savings instantly.