23 May,2026 10:34 AM IST | New Delhi | mid-day online correspondent
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Fuel prices across India were revised upward again on Saturday, with petrol and diesel becoming costlier by up to 91 paise per litre. The latest revision marks the third increase in retail fuel prices within 10 days, amid continued pressure from rising global crude oil rates and geopolitical tensions in West Asia.
State-run oil marketing companies increased petrol prices by 87 paise per litre and diesel prices by 91 paise per litre in several cities. The repeated hikes have added to concerns over rising transportation and household expenses.
In Delhi, petrol prices increased from Rs 98.64 per litre to Rs 99.51 per litre, while diesel rates rose from Rs 91.58 to Rs 92.49 per litre.
Mumbai continued to record some of the highest fuel prices among major metros. Petrol in the city is now retailing at Rs 108.49 per litre, while diesel costs Rs 95.02 per litre.
In Kolkata, petrol prices climbed to Rs 110.64 per litre and diesel rates reached Rs 97.02 per litre after the latest revision.
The increase comes after fuel prices were raised by nearly Rs 3 per litre on May 15, followed by another hike of around 90 paise on May 19. Overall, petrol and diesel prices have risen by close to Rs 5 per litre in less than two weeks.
Oil companies have linked the increase in domestic fuel rates to rising international crude oil prices and instability in global energy markets. Ongoing tensions in West Asia have contributed to fluctuations in crude prices, affecting import-dependent countries such as India.
The government and oil companies have been gradually passing on the higher import costs to consumers through calibrated price revisions.
Industry analysts said sustained increases in global crude prices could continue to impact domestic fuel rates if geopolitical uncertainty persists in the coming weeks.
The latest increase in petrol and diesel prices is expected to affect transportation and logistics costs, potentially leading to higher prices for essential commodities and services.
Transport operators and businesses have expressed concern over mounting operational expenses, while daily commuters are likely to face increased travel costs.
Economists have warned that repeated fuel price hikes may add to inflationary pressure, especially at a time when food and utility costs remain elevated.
The price revision came a day after the Ministry of Petroleum and Natural Gas said that petrol and diesel supplies across the country remain stable.
The ministry urged people to avoid panic buying and said oil marketing companies are continuously monitoring fuel availability at retail outlets. Authorities also stated that distribution systems are being closely watched to ensure there is no disruption in supply.
Officials maintained that the current price adjustments are necessary to balance rising import costs and maintain uninterrupted fuel availability in the domestic market amid volatile global conditions.
(With inputs from Agencies)
