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Fuel Price Hike Will Further Increase Inflation, Centre Must Roll It Back: Mumbai Cong Chief

Opposition leaders said the fourth hike in less than two weeks will add to household costs as crude prices and supply disruptions pressure state-run oil firms.

  • On Monday, state-run oil marketing companies raised petrol by Rs 2.61 per litre and diesel by Rs 2.71 per litre, marking the fourth fuel price revision in less than two weeks.
  • Mounting financial pressure on OMCs stems from soaring crude oil prices and West Asia supply chain disruptions, with a weaker rupee sharply raising import costs after prices remained stable through May 12.
  • Petrol prices have surged from Rs 71.41 per litre in 2014 to Rs 102.12 today, with diesel climbing from Rs 56.71 to Rs 95.20, reflecting steep escalation over 12 years.
  • Congress Leader of Opposition Rahul Gandhi sharply criticised Prime Minister Modi on Monday, calling him 'Mehangai Manav' and alleging fuel prices were being raised in instalments to pick citizens' pockets.
  • Opposition parties alleged the government delayed price revisions until after the BJP won three of five state elections in May, though the BJP countered that India maintained a price freeze during nearly 65 to 70 days of West Asia crisis.
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The Economic Times broke the news in Mumbai, India on Monday, May 25, 2026.
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