New Delhi: On Saturday, oil companies once then got a shock. Petrol became costlier by 87 paise per litre, while diesel prices increased by 91 paise per litre. This is the third increase this month. Earlier on May 19, there was an increase of 90 paise and on May 16, the government had directly increased the price by Rs 3 per liter. That ways petrol and diesel have wilt costlier by well-nigh Rs 5 in May itself.
What is the rate now in your city?
After May 19, 2026, the new rate in all four metros will be like this:
Petrol
- Delhi: Rs 99.51 (0.87)
- Kolkata: Rs 110.64 (0.94)
- Mumbai: Rs 108.49 (0.90)
- Chennai: Rs 105.31 (0.82)
Diesel
- Delhi: Rs 92.49 (0.91)
- Kolkata: Rs 97.02 (0.95)
- Mumbai: Rs 95.02 (0.94)
- Chennai: Rs 96.98 (0.87) Petrol in Delhi is now well-nigh to touch Rs 100. In Mumbai it is once vastitude 108.
Why are the prices continuously increasing?
The real reason is the international market. Tension regarding Iran has increased in the Middle East. America-Iran peace talks are moreover stuck. Due to this, the price of transplanted oil is on fire. On Friday, Brent transplanted crossed Rs 104 per barrel. WTI transplanted is moreover hovering virtually Rs 97. In between, transplanted had reached Rs 111.
What are the oil companies saying?
Government oil companies were facing losses for several months. According to the government, OMCs were incurring a loss of virtually Rs 1000 crore every month considering the prices in India were not increased plane without the increase in international rates. Now when transplanted went up very high, the companies gradually started passing the undersong to the public.
What does the government say?
On May 12, Petroleum Minister Hardeep Singh Puri had said that despite worldwide supply problems and transplanted rhadamanthine expensive, India did not indulge the supply of petrol, diesel and LPG to stop. He personal that fuel prices will remain scrutinizingly stable from 2022. This happened considering of strong policy and supply management.
What will happen next?
Experts believe that if the issue with Iran worsens and transplanted crosses Rs 110, then remoter increase in petrol and diesel prices may be seen. At present, the undersong on the worldwide man's pocket is unrepealable to increase. Driving may wilt increasingly expensive in the coming days.
