Petrol, Diesel Prices Surge Again as Fuel Rates Rise for Fourth Time in Two Weeks

India witnessed another sharp increase in petrol and diesel prices as state-run oil companies raised rates again amid soaring global crude prices and continuing geopolitical tensions in the Middle East.

May 25, 2026 | New Delhi

Petrol and diesel prices across India have been increased once again, marking the fourth fuel price hike within less than two weeks. State-owned oil marketing companies revised fuel rates upward on Monday as rising global crude oil prices and supply disruptions continued to pressure domestic energy costs.

With the latest revision, petrol prices have risen by ₹2.61 per litre while diesel prices have increased by ₹2.71 per litre. In Delhi, petrol is now retailing at ₹102.12 per litre and diesel at ₹95.20 per litre. Similar hikes have been recorded in Mumbai, Kolkata, Chennai, Bengaluru and several other major cities.

According to reports, cumulative fuel price increases since May 15 have now crossed nearly ₹7.5 per litre. Oil marketing firms such as Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited are reportedly attempting to offset mounting losses caused by elevated international crude prices.

The ongoing geopolitical tensions involving Iran and disruptions near the Strait of Hormuz have significantly impacted global oil supply chains, pushing crude prices sharply higher over recent weeks. Analysts say India, which imports a majority of its crude oil requirements, remains particularly vulnerable to fluctuations in international energy markets.

Experts warn that repeated fuel price hikes could further increase transportation costs and inflationary pressure on essential goods and services. Financial analysts have also indicated that additional increases cannot be ruled out if global crude prices continue to rise.

The continuous upward revision in fuel prices is expected to impact household budgets, logistics expenses and overall consumer spending across the country, especially as inflation concerns continue to remain high.

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