Petrol and diesel prices have been increased for the second time in a week, with rates rising by 90 paise per litre across major cities. The hike, announced on May 19, 2026, has added to consumer concerns amid already high inflation and rising household expenses.
According to oil marketing companies, the revision reflects global crude oil volatility and currency fluctuations. Petrol now costs ₹98.40 per litre in Delhi, while diesel is priced at ₹88.20. In Mumbai, petrol has crossed ₹104 per litre, and diesel stands at ₹92.10.
This marks the second consecutive hike within seven days, following a 70 paise increase earlier. Fuel prices had remained unchanged for nearly two months before the recent adjustments, but international market pressures have forced revisions.
Transporters and trade associations have warned that the hike will push up logistics costs, leading to higher prices of essential commodities. Daily commuters and middle-class households have expressed frustration, with many calling for government intervention to stabilize fuel rates.
Opposition parties have criticized the government, accusing it of failing to shield citizens from global price shocks. They argue that excise duties should be reduced to provide relief to consumers.
Officials maintain that fuel pricing is market-linked, and adjustments are necessary to prevent losses for oil companies. However, the back-to-back hikes are expected to intensify public debate over affordability and economic management.
