Why India Has Hiked Petrol, Diesel Prices After PM Modi’s WFH, Online Classes Appeal
Oil firms passed on part of a surge in global energy costs after keeping domestic fuel prices frozen for 11 weeks, sources said.
- On Friday, May 15, 2026, Indian oil companies hiked petrol and diesel prices by ₹3 per litre each, passing on a portion of surging global energy costs to domestic consumers.
- The war in West Asia has sent international crude oil prices soaring by over 50%, forcing state-owned firms to adjust rates after holding fuel prices steady for 11 weeks.
- State-Owned Indian Oil Corporation , Bharat Petroleum Corporation Ltd , and Hindustan Petroleum Corporation Ltd maintained a price freeze since April 2022, broken only by a ₹2 reduction before the March 2024 Lok Sabha elections.
- Petrol now costs ₹106.68 in Mumbai, ₹108.74 in Kolkata, and ₹103.67 in Chennai, while diesel prices reached ₹93.14, ₹95.13, and ₹95.25 in those respective cities.
- This ₹3 increase represents only a 10th of the desired hike needed to account for the total surge in global energy rates since the West Asia conflict began.
55 Articles
55 Articles
'A Very Small Rise': IOCL’s Arvind Kumar Addresses ₹3 Fuel Price Hike Amid Global Pressure
Indian Oil Corporation Limited (IOCL) refineries are currently operating at more than 100 per cent capacity to ensure there is no shortage of fuel at retail outlets following a marginal rise in domestic petrol and diesel prices.
Centre Hikes Petrol, Diesel Prices By Rs 3 Per Litre Nationwide
On 15 May, India increased petrol and diesel prices by Rs 3 per litre across the country. This marks the first major revision in nearly four years, ending a prolonged freeze on fuel price adjustments. The hike follows rising global crude oil prices and supply disruptions linked to the ongoing West Asia conflict. New rates vary by city due to local taxes, with petrol in Delhi now at Rs 97.77 per litre and in Kolkata at Rs 108.74 per litre.Accordi…
This Will Lead to Further Inflation, Growth Estimates to Fall: Jairam Ramesh Slams Centre for Raising Fuel Prices Amid West Asia Crisis
Get latest articles and stories on India at LatestLY. Targeting the Centre over the latest fuel price revision, he further stated, "Now that international oil prices are climbing up because of the war in West Asia unleashed by the PM's good friends--the US and Israel--and assembly elections are over, the Modi Govt has increased petrol and diesel prices after having hiked commercial LPG prices earlier. This is bound to lead to further inflation t…
Coverage Details
Bias Distribution
- 45% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
