Petrol, Diesel Prices Rise Again; Fuel Rates Up Nearly ₹5 Per Litre in Less Than 10 Days
Fresh Hike of Up to 91 Paise Pushes Fuel Costs Higher Across Major Cities; Concerns Grow Over Inflation and Transport Expenses
The Impressive TimesNew Delhi, May 23, 2026: Petrol and diesel prices were increased by up to 91 paise per litre across the country on Saturday, marking the third fuel price revision within 10 days and taking the cumulative rise in retail rates to nearly ₹5 per litre.
According to industry sources, petrol prices were raised by 87 paise per litre, while diesel prices saw an increase of up to 91 paise per litre. The latest revision comes as state-owned oil marketing companies continue to pass on the impact of rising global crude oil prices, higher refining costs, and a weakening rupee that has increased import expenses.
In the national capital, petrol prices climbed to ₹99.51 per litre from ₹98.64, while diesel rates increased to ₹92.49 per litre from ₹91.58. Similar revisions were implemented across the country, with fuel prices varying from state to state depending on local taxes and levies.
The latest increase follows the resumption of fuel price revisions by public sector oil companies on May 15 after an extended period of price stability. On that day, petrol and diesel prices were raised by ₹3 per litre each, followed by another increase of 90 paise per litre on May 19.
With Saturday’s hike, the cumulative increase in fuel prices since May 15 has approached ₹5 per litre, raising concerns about the potential impact on inflation, transportation costs, and household budgets.
Private fuel retailers have largely mirrored the revisions announced by state-owned companies. Nayara Energy matched the latest increases and had earlier raised petrol and diesel prices by ₹5 and ₹3 per litre, respectively, in March.
Meanwhile, Shell had increased petrol prices by ₹7.41 per litre and diesel prices by as much as ₹25 per litre from April 1. Jio-BP, the fuel retailing joint venture between Reliance Industries and BP, has generally aligned its pricing with that of public sector oil companies.
Following the latest revision, petrol and diesel prices at public sector fuel stations in major metropolitan cities stand as follows:
Market observers note that further price movements will depend on international crude oil trends, currency fluctuations, and broader global energy market conditions.
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