In a big setback to oil consumers in the country, the petrol and diesel prices increased by Rs 2.61-2.71 per litre on Monday, marking the fourth increase in less than two weeks, as state-owned firms continued to pass on rising international prices to consumers. Just two days before, the petrol and diesel prices were raised by 87-91 paise per litre on Saturday, taking the cumulative increase in retail fuel rates to nearly Rs 5 a litre in under 10 days as state-owned firms passed on soaring international oil prices.
Alongside, compressed natural gas (CNG) prices were raised by Re 1 per kg, marking the third increase in recent days and taking the cumulative hike to Rs 4 per kg. The latest revision pushed petrol prices higher by 87 paise per litre and diesel by up to 91 paise across the country.
With the latest revision, cumulative increases in petrol and diesel prices are almost Rs 7.5 per litre since fuel rate revision resumed on May 15 after a prolonged freeze. Petrol price was increased by Rs 2.61 a litre to Rs 102.12 per litre in Delhi from Rs 99.51. Diesel rates have been increased by Rs 2.71 to Rs 95.20 per litre from Rs 92.49.
Check revised rates in your city
RSP (Retail Selling Price) of four Metro cities for 25.05.26 are as follows:
- Delhi: Rs 102.12 (+2.61)
- Kolkata: Rs 113.51 (+2.87)
- Mumbai: Rs 111.21 (+2.72)
- Chennai: Rs 107.77 (+2.46)
- High Speed Diesel prices
- Delhi: Rs 95.20 (+2.71)
- Kolkata: Rs 99.82 (+2.80)
- Mumbai: Rs 97.83 (+2.81)
- Chennai: Rs 99.55 (+2.57)
The hikes come amid elevated global crude oil prices and a weakening rupee, which have increased pressure on oil marketing companies’ import costs.
With the latest hike, petrol and diesel prices have risen to nearly Rs 5 a litre since the state-owned oil marketing companies on May 15 ended the hiatus in rate revision, stoking concerns over inflationary pressures and higher transportation costs across the economy.
Petrol and diesel prices were increased by Rs 3 per litre each on May 15 and 90 paise a litre on May 19. CNG price in Delhi was increased to Rs 81.09 per kg from Rs 80.09, according to information posted by Indraprastha Gas Ltd on its website. Rates have increased in all the neighbouring cities as well.
Nayara Energy had raised petrol and diesel prices by Rs 5 and Rs 3 per litre, respectively, in March, while Shell increased petrol prices by Rs 7. 41 a litre and diesel by as much as Rs 25 per litre from April 1. Jio-BP, the fuel retailing joint venture of Reliance Industries Ltd and BP Plc, has, however, moved rates at its pumps in tandem with PSUs.
After Saturday’s increase, petrol at PSU pumps in Mumbai now costs Rs 108.49 per litre and diesel Rs 95.02, and Kolkata prices rose to Rs 110.64 and Rs 97.02, respectively.
In Chennai, petrol is priced at Rs 105.31 and diesel at Rs 96.98.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) together control 90 per cent of India’s fuel market.
Fuel retailers had kept pump prices low despite rising input costs, a move the government said was aimed at shielding consumers from inflation. Opposition parties, however, accused the government of delaying price revisions until after key state elections.
According to Crisil, oil marketing companies were losing about Rs 10 per litre on petrol and Rs 13 per litre on diesel even after the earlier hike. Petrol and diesel prices are now at their highest levels since May 2022.
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