Fuel shock continues: Petrol, diesel prices hiked again; 4th increase in 2 weeks

New Delhi: Fuel prices across the country were hiked once again on Sunday, marking the fourth increase in less than four weeks and adding further pressure on household budgets and transportation costs.

In Delhi, the retail price of petrol rose by Rs 2.61 per litre, increasing from Rs 99.51 to Rs 102.12 per litre. Diesel prices in the national capital also went up by Rs 2.71 per litre, rising from Rs 92.49 to Rs 95.20 per litre.

The latest revision has pushed petrol prices above the Rs 100-mark in all four metro cities, while diesel rates continued to edge closer to the century mark in several cities.

According to the revised retail selling prices (RSPs) effective from May 25, 2026, petrol prices in Kolkata increased by Rs 2.87 to Rs 113.51 per litre, while Mumbai saw a hike of Rs 2.72, taking the price to Rs 111.21 per litre. In Chennai, petrol prices climbed by Rs 2.46 to Rs 107.77 per litre.

Diesel prices also witnessed a sharp rise across metros. In Kolkata, diesel now costs Rs 99.82 per litre after an increase of Rs 2.80. Mumbai recorded a hike of Rs 2.81, taking diesel prices to Rs 97.83 per litre. In Chennai, diesel prices rose by Rs 2.57 to Rs 99.55 per litre.

The repeated hikes in fuel prices over the past few weeks are expected to impact transportation, logistics and essential commodity prices, potentially fuelling inflationary concerns across sectors.

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Despite the assurances from the government, social media is still abuzz about the possible price rise in petrol and diesel. Experts and economists believe that consumers will see the price of fuel rising by about Rs 10.

The anticipation pulls strength as Puri expressed a deep concern about the losses incurred by Oil Marketing Companies (OMCs). He revealed that OMCs are losing nearly Rs 1,000 crore every day, giving a support to the anticipations of the price rise.

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In India, Oil Marketing Companies (OMCs) determine the prices of fuel such as petrol and diesel. The decision of the OMCs has a significant impact on the general price level as 90 per cent of OMCs are state-run and any decision has prior approval of the Union Government.

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