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Petrol and diesel prices were increased on Friday by Rs 3 per litre after state-owned oil firms ended a four-year record hiatus in rate revision. Petrol price was hiked to Rs 97.77 per litre from Rs 94.77 in the national capital. Diesel now costs Rs 90.67 as against Rs 89.67 per litre previously.
The increase is a 10th of the desired hike needed to account for the surge in global energy rates since the start of the Middle East conflict. Here are all the updates on the diesel and petrol price hiked in the nation.
On the fuel price hike, IOCL Director Arvind Kumar called it "a very small rise" despite "a lot of pressure." He said Indian Oil group companies and refineries are working round the clock at over 100% capacity to prevent any crisis or dryout at retail outlets.
Congress leaders slammed the Narendra Modi-led government over petrol and diesel price hike, alleging that the decision was deliberately deferred until assembly elections were over. Rajasthan Congress president Govind Singh Dotasra mocked the prime minister for embarking on a five-nation trip while the country was facing fuel crisis.
Former deputy chief minister Sachin Pilot also criticised the move, alleging that fuel prices were intentionally kept unchanged during the elections.
(Source: PTI)
The BJP defended the hike in fuel prices, claiming that India managed to shield citizens from the global oil shock for more than two months while implementing only a "limited and calibrated" increase, even as several countries witnessed a steep price rise.
In a post on X, BJP IT cell head Amit Malviya said India recorded one of the lowest increases among major economies, with petrol prices rising by 3.2% and diesel by 3.4%
The surge in global fuel prices since the outbreak of the West Asia conflict offers a revealing comparison of how different countries have managed economic shocks. The closure of the Strait of Hormuz, the world’s most critical oil chokepoint, and the prolonged disruption of… pic.twitter.com/JtGwvpnLkP
— Amit Malviya (@amitmalviya) May 15, 2026
Karnataka Chief Minister Siddaramaiah said on Friday that the Prime Minister Narendra Modi-led government at the Centre increased petrol and diesel prices as expected after the Assembly polls in four states and one union territory.
"We have been saying that they will increase petrol and diesel prices after the elections. When we (the Congress government) increased prices slightly, stating that our prices were lower than those in other states, the BJP criticised us. Since coming to power, Narendra Modi has increased fuel prices several times," Siddaramaiah said.
(Source: PTI)
Indian Oil Corporation Ltd Chief General Manager Kamal Sheel said Odisha requires around 44.7 lakh litres of petrol and 1.12 crore litres of diesel every day.
"Demand has increased over the last two to three days. There is no shortage of fuel anywhere in the state, and supply is being monitored district-wise," Sheel said, urging people not to crowd fuel stations or stockpile fuel unnecessarily.
He said each district currently has fuel stock sufficient for three to four days, and replenishment is being done regularly based on demand.
(Source: PTI)
Odisha government on Friday asked oil marketing companies to ensure that no retail outlet runs dry and urged people not to indulge in panic buying. After holding an urgent meeting with stakeholders, Food Supplies and Consumer Welfare Minister K C Patra assured people that the state has adequate stock of petrol and diesel for the next 13 days.
The minister said the daily demand for fuel has increased by around 50% over the past two to three days following rumours of a possible disruption in supply
Retail fuel prices have risen sharply across much of the world since the escalation of the Middle East conflict on Feb 28, 2026, as the closure of the Strait of Hormuz disrupted shipments through the world's most important oil chokepoint.
Asian advanced economies have contained petrol increases more effectively, but diesel has again moved faster. Japan, South Korea and Singapore have kept petrol increases below 20%, while Singapore has recorded a diesel price jump of about 65%.
In Europe, higher excise duties have softened the percentage swing but not eliminated it. Petrol prices are up around 19% in the United Kingdom, 14% in Germany and 21% in France. Diesel has risen more sharply, gaining about 34% in the UK, 20% in Germany and 31% in France.
Pradeep Bhandari, National Spokesperson of Bharatiya Janata Party said, "The Congress Party should be ashamed of itself to politicise everything! Congress is a party which always looks at political opportunity in any global crisis, only to have egg on their face! Despite Brent crude staying above $100/barrel and fuel prices surging globally after the Strait of Hormuz crisis, India has seen only a Rs 3.5% increase in petrol & diesel prices after 76 days of stable prices!"
The Congress Party should be ashamed of itself to politicise everything!
— Pradeep Bhandari(प्रदीप भंडारी)🇮🇳 (@pradip103) May 15, 2026
Congress is a party which always looks at political opportunity in any global crisis; only to have egg on their face!
Despite Brent crude staying above $100/barrel and fuel prices surging globally after… pic.twitter.com/uMkmvBya6H
With petrol and diesel prices increasing by Rs 3 a litre, and CNG prices by Rs 2 per kg, most people may think about the extra hundred rupees it will cost to fill up their tank. That is the small part of the story. The bigger part is what happens to everything else.
Petrol and diesel do not have a standalone category in the CPI basket, but are captured under the broader 'transport and communication' component and 'fuel and power' category.
Petrol and diesel carry relatively smaller but still significant weights through transport-related items, and economists say fuel price hikes have a wider indirect impact because they raise freight, logistics and input costs across sectors.
Terming the petrol and diesel price hike as Prime Minister Narendra Modi's "gift", Karnataka Deputy Chief Minister D K Shivakumar on Friday said the country has come to a "tragic situation." He also criticised the PM's call for fuel saving, postponement of gold purchases, among other measures to spend wisely.
Speaking to reporters in Bengaluru, he said, "It cannot be done. The country has come to a tragic situation. We have to save and protect this country."
Fuel prices in India increased by approximately Rs 3 per litre for petrol and diesel, effective Friday, May 15, 2026, marking the first hike in four years. Escalating tensions in West Asia and disruptions in the Strait of Hormuz have pushed global oil prices higher, prompting this revision. The hike brings fresh pressure on transportation costs and overall inflation.
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Petrol and diesel prices in India are revised every single day. Fuel rates change at 6 am each morning, based on movements in international crude oil prices and the rupee-dollar exchange rate the previous day.
Prime Minister Narendra Modi departed for his five-nation, six-day tour today (May 15), with the United Arab Emirates (UAE) as his first stop. The brief visit to Abu Dhabi is expected to focus on energy security, trade diversification, and strengthening of the Comprehensive Strategic Partnership between the two countries.
Private fuel retailers had already increased pump prices. Nayara Energy, the country's largest private fuel retailer, in March raised petrol prices by Rs 5 per litre and diesel by Rs 3, while Shell increased petrol prices by Rs 7.41 and diesel by Rs 25 per litre from April 1. In Bengaluru, Shell sells petrol at Rs 119.85 per litre and diesel at Rs 123.52.
(Source: PTI)
A consumer at a fuel station in Dhaula Kuan says, "It is making a big difference. It should be cheaper. We are not even getting enough fare. Customers are not willing to pay that much fare either. Inflation is rising. CNG and petrol should be cheaper. The rates of CNG and petrol should come down, but inflation is increasing."
VIDEO | Delhi: As petrol and diesel prices go up by Rs 3 per litre each and CNG prices rise by Rs 2 per kg, a consumer at a fuel station in Dhaula Kuan says, "It is making a big difference. It should be cheaper. We are not even getting enough fare. Customers are not willing to… pic.twitter.com/HTPJfXu5oW
— Press Trust of India (@PTI_News) May 15, 2026
Earlier this week, Oil Minister Hardeep Singh Puri said the three fuel retailers were losing about Rs 1,000 crore per day, and the cumulative losses in a quarter were enough to wipe away all the profit they made in a full year. He had put the losses at about Rs 1 lakh crore.
To cushion consumers from rising global prices, the government, on March 27, reduced excise duty on petrol and diesel by Rs 10 per litre each.
More recently, prices have eased but remained elevated around the $104-110 per barrel range. This triggered massive losses for state-owned fuel retailers, but retail rates remained unchanged as five critical states went to polls.
The oil companies were losing Rs 14 per litre on petrol, Rs 42 a litre on diesel and Rs 674 a litre on cooking gas LPG before Friday's decision.
On fuel price hike, Arvind Kumar, Director (Refineries), IOCL (Indian Oil Corporation Limited) says, "It is a very small rise. There is a lot of pressure. But I can tell you that Indian Oil group companies and refineries are working round the clock at more than 100% capacity, so that there will be no crisis and no dryout at any of our retail outlets..."
#WATCH | Delhi: On fuel price hike, Arvind Kumar, Director (Refineries), IOCL (Indian Oil Corporation Limited) says, "It is a very small rise. There is a lot of pressure. But I can tell you that Indian Oil group companies and refineries are working round the clock at more than… pic.twitter.com/z8WLXfLZox
— ANI (@ANI) May 15, 2026
Fuel prices in Telangana and Andhra Pradesh are among the costliest in the country.
(Source: NDTV)
As of today, Andhra Pradesh continues to have one of the highest fuel taxes in India.
(Source: NDTV)
Until 15 May 2026, the public sector oil marketing companies, which together command about 90% cent of the retail market, had held petrol and diesel prices essentially unchanged from their Feb 23, 2026 levels, absorbing the cost of crude at refinery gate and accumulating daily under-recoveries reported at around one thousand crore rupees.
| Retail price change, Feb 23, 2026 to May 15, 2026 | ||
| Country | Petrol | Diesel |
| Myanmar | 89.70% | 112.70% |
| Malaysia | 56.30% | 71.20% |
| Pakistan | 54.90% | 44.90% |
| United Arab Emirates | 52.40% | 86.10% |
| United States | 44.50% | 48.10% |
| Philippines | 40.60% | 53.80% |
| Sri Lanka | 38.20% | 41.80% |
| Nepal | 38.20% | 58.50% |
| South Africa | 33.10% | 63.60% |
| Canada | 31.90% | 32.80% |
| New Zealand | 30.70% | 88.60% |
| Thailand | 29.70% | 32.40% |
| Belgium | 25.30% | 30.90% |
| Vietnam | 23.80% | 50.60% |
| China | 21.70% | 23.70% |
| France | 20.90% | 31.00% |
| United Kingdom | 19.20% | 34.20% |
| South Korea | 19.00% | 26.20% |
| Australia | 18.50% | 43.10% |
| Bangladesh | 16.70% | 15.00% |
| Italy | 15.40% | 19.80% |
| Germany | 13.70% | 19.80% |
| Singapore | 12.70% | 64.70% |
| Japan | 9.70% | 11.20% |
| Saudi Arabia | 0.00% | 0.00% |
| India | 3.20% | 3.40% |
Source: Global Petrol Prices.com weekly retail data, country-level changes from 23 February 2026 to 11 May 2026.
Energy prices globally shot up after the US-Israel attack on Iran on Feb 28, and the subsequent retaliation by Tehran effectively shut down the Strait of Hormuz - the sea lane through which a fifth of the world's oil and gas transits. Crude oil, the input raw material for making petrol and diesel, surged above $ 120 per barrel during the peak of the Middle East conflict, as opposed to the $70-72 range before the conflict.
CRISIL Intelligence To NDTV Profit
Indraprastha Gas Ltd. on Friday hiked the price of compressed natural gas (CNG) by Rs 2 per kg in Delhi, a day after a similar hike was announced in the Mumbai Metropolitan Region.
"Loss for common man" DMK spokesperson Saravanan Annadurai on Centre hiking prices of petrol and diesel.
"Loss for common man" DMK spokesperson Saravanan Annadurai (@saravofcl) on Centre hiking prices of petrol & diesel@gauried pic.twitter.com/zdB4LlMwZX
— NDTV (@ndtv) May 15, 2026
RS Pandey Former Oil & Gas Petroleum Secy told NDTV Profit:
Petrol Diesel Price Hike News Live
CNG prices have risen by Rs 2 in New Delhi
Jabalpur, Madhya Pradesh: A consumer, Shilpi Singh, says, " This will have a huge impact. For example, I go to college and I have to cover a distance of around 7–8 kilometers. You cannot always reach on time using public transport, so you are forced to use your own vehicle. I feel that this is affecting people a lot. I can clearly see its impact even in our homes. But I think the lower class and lower middle class people are the ones who are being affected the most by this.
VIDEO | Jabalpur, Madhya Pradesh: Petrol, diesel prices hiked by Rs 3 per litre each. A consumer, Shilpi Singh, says, " This will have a huge impact. For example, I go to college and I have to cover a distance of around 7–8 kilometers. You cannot always reach on time using public… pic.twitter.com/lcsdrlR63b
— Press Trust of India (@PTI_News) May 15, 2026
As elevated crude prices start to impact balance sheets of oil marketing companies in a major way, BPCL, HPCL and IOCL have announced a standard Rs 3 price hike in petrol and diesel, effective today.
MS (petrol) prices (in Rs per litre):
HSD (diesel) prices (in Rs per litre):
Petrol and diesel prices were increased by Rs 3 per litre each on Friday, May 15 as oil companies passed on part of the spike in global energy prices to consumers.
The war in the Middle East has again sent international oil prices soaring by over 50%. The basket of crude oil that India imports averaged $69 per barrel in February before the war in West Asia broke out. It averaged $113-114 per barrel in subsequent months.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) had abandoned the daily price revision in April 2022 to insulate domestic consumers from a steep price increase that was warranted because of international oil prices shooting through the roof post Russia's invasion of Ukraine.
They incurred heavy losses in the first half of the 2022-23 fiscal year, which they recouped when rates fell in subsequent months.
State-owned oil firms had kept fuel price unchanged for 11 weeks despite a surge in input cost, but passed on part of the increase once operations became financially unsustainable, the sources said.
Prices have remained on freeze since April 2022, but had a one-off reduction of Rs 2 a litre each on petrol and diesel in March 2024 just before the Lok Sabha elections.
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