Petrol, Diesel Prices Hiked Again: Fuel Rates Raised Again for 4th Time in 12 Days; Check Latest Rates in Delhi, Kolkata, Mumbai, and Chennai
India has increased petrol and diesel prices for the fourth time in two weeks, with petrol rising by INR 2.61 per litre and diesel by INR 2.71. The hike comes amid volatile global crude oil prices linked to the ongoing US-Iran conflict and concerns over the Strait of Hormuz. Oil companies say continued losses forced the revision despite earlier consumer relief measures.
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India has increased petrol and diesel prices for the fourth time in the last two weeks, with petrol prices going up by INR 2.61 per litre and diesel by INR 2.71 per litre. The latest revision comes as state-run oil marketing companies continue efforts to recover losses incurred after keeping retail fuel prices unchanged despite global crude oil prices crossing USD 100 per barrel.
Following the increase, petrol in New Delhi is now priced at INR 102.12 per litre, while diesel rates have risen to INR 95.20 per litre. Fuel prices have also increased across other major cities including Mumbai, Kolkata and Chennai. Petrol, Diesel Prices Hiked Again, 3rd Time in Less Than 10 Days; Check Latest Rates in Delhi, Kolkata, Mumbai, Chennai.
Petrol, Diesel Prices Hiked Again:
Diesel prices increased by Rs. 2.71 per litre and petrol by Rs. 2.61 per litre. Diesel in Delhi hiked to Rs 95.20 per litre, and Petrol hiked to Rs 102.12.
— ANI (@ANI) May 25, 2026
Petrol Prices Across Major Cities
| City | Petrol Price (INR/Litre) | Increase |
|---|---|---|
| Delhi | 102.12 | +2.61 |
| Mumbai | 111.21 | +2.72 |
| Kolkata | 113.51 | +2.87 |
| Chennai | 107.77 | +2.46 |
| Bengaluru | 106.48 | +2.69 |
Diesel Prices Across Major Cities
| City | Diesel Price (INR/Litre) | Increase |
|---|---|---|
| Delhi | 95.20 | +2.71 |
| Mumbai | 97.83 | +2.81 |
| Kolkata | 99.82 | +2.80 |
| Chennai | 99.55 | +2.57 |
| Bengaluru | 91.73 | +2.74 |
West Asia Conflict Driving Crude Oil Volatility
The latest increase has largely been linked to the ongoing West Asian conflict involving the United States and Iran, which has raised concerns over disruptions in global oil supply routes, particularly the Strait of Hormuz.
Speaking on the impact of the conflict, Sushma Rawat, ONGC Director (Exploration), said crude oil prices have remained highly volatile due to uncertainty surrounding the situation. Fuel Prices in India: BJP-Ruled States Lead in Lower Rates, Congress-Led and INDIA Bloc States Report Highest Levies, Data Shows.
“Whenever there is an announcement of a peace accord, crude prices begin to fall. But when it becomes clear that there is no immediate resolution, prices rise again,” Rawat told ANI. She further stated that India has so far managed to protect consumers from the complete impact of rising global energy prices despite continued volatility in international crude markets.
"The government has given relief to the people for 76 days, during which the price has not increased. The price has increased, because the oil marketing companies (OMCs) were taking a hit of almost Rs 1,000 crore a day. How long do you sustain that?" she asked.
Fourth Increase in Two Weeks
Petrol and diesel prices were last revised on May 23, when OMCs increased petrol rates by INR 0.87 per litre and diesel prices by INR 0.91 per litre.
The latest revision reflects continued pressure on fuel retailers as crude oil prices remain elevated globally. Industry analysts say OMCs had absorbed a significant portion of rising international costs over recent weeks before implementing retail hikes.
Global Oil Prices Show Signs of Easing
Meanwhile, global oil prices declined sharply by more than five percent amid hopes of a possible peace agreement between the United States and Iran, although uncertainty over negotiations continues.
At around 2300 GMT on Sunday, North Sea Brent Crude fell 5.1 percent to USD 98.22 per barrel, while West Texas Intermediate (WTI) crude dropped 5.2 percent to USD 91.57 per barrel before recovering marginally later in trading. US President Donald Trump downplayed the possibility of an immediate breakthrough, contributing to continued market uncertainty.
The latest increase in fuel prices is expected to raise transportation and logistics costs across sectors. Analysts have warned that sustained hikes in petrol and diesel prices could eventually lead to higher prices of essential goods and food products. Commuters, transport operators and businesses dependent on fuel-intensive operations are likely to face increased operating expenses if global crude prices remain volatile in the coming weeks.
(The above story first appeared on LatestLY on May 25, 2026 07:07 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
