Petrol Prices Hiked By 87 Paise, Diesel Up By 91 Paise In 3rd Hike In 10 Days

In the third hike in 10 days, petrol prices went up by 87 paise and diesel prices are up by 91 paise as of Saturday.

The price of petrol now stands at Rs 99.51 per litre, while diesel costs Rs 92.49 per litre.

This is the third increase in rates since May 15, when state-owned oil companies started passing on the elevated energy prices arising from the Middle East conflict in a calibrated manner.

Prices were hiked by Rs 3 a litre on May 15, followed by a 90 paise increase on May 19. In all, rates have gone up by almost Rs 5 per litre.

Retail Selling Price of petrol in four metropolitan cities:

• Delhi 99.51 (+0.87)
• Kolkata 110.64 (+0.94)
• Mumbai 108.49 (+0.90)
• Chennai 105.31 (+0.82)

High Speed Diesel prices:

• Delhi 92.49 (+0.91)
• Kolkata 97.02 (+0.95)
• Mumbai 95.02 (+0.94)
• Chennai 96.98 (+0.87)

The price of CNG was also increased by Rs 1 per kilo in Delhi. It now costs Rs 81.09 per kilo in the National Capital.

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Last week, after a Rs 3 hike in fuel prices, government sources told NDTV that India has cut fuel prices four times in the last four years. The most substantial of these took place on March 27 this year when the Special Additional Excise Duty (SAED) was slashed by Rs 10 per liter, effectively bringing the excise duty on diesel down to nearly zero.

During periods of high crude oil prices, both government and public sector oil companies endured immense economic pressure. During the Hormuz crisis, the government indirectly absorbed a price differential of up to Rs 24 per litre on petrol and Rs 30 per litre on diesel, sources said.

Between 2021 and 2024, oil companies incurred losses amounting to approximately Rs 24,500 crore, while a burden of nearly Rs 40,000 crore was borne in 2024-25 to provide relief to LPG consumers.