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Fuel Price Increase in India (Delhi)
Comparison of old vs new fuel prices in Indian Rupees per litre.
Primary Sources
Petrol and Diesel Prices Hiked by Rs 3 per Litre in India: Latest ...
News DeskLast Updated: 15 May 2026, 07:02 am ISTPetrol and diesel prices have been increased by ₹3 per litre across India after days of panic buying and rising global crude oil pressureRepresentational imgae. | Photo: AI generated New Delhi: Petrol and diesel prices have been increased by ₹3 per litre across India, marking a partial pass-through of rising global crude oil costs. The revision comes shortly after days of panic buying triggered by rumours of a sharp hike and growing volatility in international energy markets. Oil marketing companies confirmed that the increase reflects sustained pressure from higher crude oil prices, currency fluctuations, and rising import costs. Officials said fuel retailers had been absorbing part of the global surge for some time, but continued losses made the adjustment necessary. New fuel prices revised across the country After the revision, petrol is retailing at around ₹97.77 per litre, while diesel is priced at approximately ₹99.67 per litre, with slight variations depending on state taxes and local factors. The increase marks one of the first notable upward revisions after a relatively stable pricing period in recent months. Industry officials described the move as a necessary correction to align domestic prices with international benchmarks, as crude oil markets remain under pressure. Why the price hike was introduced now Officials attributed the revision to sustained increases in global crude oil prices, higher import costs, and pressure on oil marketing companies due to under-recovery. A weaker rupee against the US dollar also added to the cost burden, increasing the overall import bill for fuel. Analysts said that while companies had delayed passing on the full impact to consumers, continued market pressure made further postponement difficult. Panic buying before the hike intensified market disruption The price increase follows widespread panic buying across several states, where consumers rushed to fuel stations fearing a much larger hike of ₹5 to ₹20 per litre. In multiple regions including Delhi-NCR, Uttar Pradesh, Gujarat, Bihar, Rajasthan and Odisha, petrol pumps reported unusually heavy crowds and long queues stretching onto main roads. Several outlets temporarily displayed “No Fuel” or “No Stock” boards as demand surged sharply within a short period. Many consumers opted to fill full tanks, contributing to artificial shortages at retail level despite stable supply conditions. Transport sector and househol...
India hikes petrol, diesel prices more than 3%, retailers say
India has raised petrol and diesel prices for the first time in four years by 3 rupees ($0.03) per litre, or more than 3%, according to retailers in Delhi on Friday, to recoup some of the losses incurred due to higher global crude oil prices. Global oil prices spiked to more than $120 a barrel following the closure and severe disruption of the Strait of Hormuz by the war that started with U.S.-Israeli attacks on Iran, before pulling back to around $100 to $105. India is one of the last major economies to raise retail fuel prices. Diesel in Delhi will cost 90.67 rupees a litre and petrol 97.77 rupees, reflecting increases of 3.4% and 3.2%, respectively, from 87.67 rupees and 94.77 rupees a litre. The direct impact of the fuel price hike would be muted at about 15 basis points on consumer price inflation, although the indirect impact will be larger, said Madhavi Arora, chief economist at Mumbai-based Emkay Financial Services. State-run Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp, which together control more than 90% of India’s 103,000 fuel stations, tend to fix diesel and petrol prices in tandem. On Sunday, Prime Minister Narendra Modi urged a spate of measures including fuel conservation, work-from-home practices, and limits on travel and imports, as surging global energy prices put pressure on the country’s foreign exchange reserves. Analysts and opposition parties said state retailers had delayed raising prices during key state elections. The polls ended this month, with Modi’s BJP winning two of four states and expanding its influence. Oil ministry official Sujata Sharma in April said retailers lose about 100 rupees per litre on diesel and about 20 rupees on petrol. In late March, Russia-backed Indian private refiner Nayara Energy had raised pump prices to mitigate some of its revenue losses from retail sales. Source: Reuters --Agencies
India Hikes Petrol, Diesel Prices for First Time in Four Years
India's state-run refiners have raised fuel prices for the first time in four years, as New Delhi yields to crude prices pushed higher by the war in Iran, and to the resulting financial ...
India hikes petrol and diesel prices by 3 rupees/liter, retailers say
India's state-run fuel retailers have raised petrol and diesel prices for the first time in four years by 3 rupees ($0.03) per litre, or more than 3%, according to dealers, to recoup some of ...
