Petrol and diesel prices have been raised for the second time in five days.
Despite back-to-back revisions, oil companies are still estimated to be losing around Rs 750 crore per day due to elevated global crude prices.
Barely five days have passed since the last round of price increases, and Indian motorists are once again reaching deeper into their pockets.
As of May 19, 2026, petrol and diesel prices have been revised upwards by approximately 90 paise per litre across Delhi, Mumbai, Chennai, and Kolkata. According to recent fuel price revision, petrol in Delhi now stands at Rs 98.64 per litre, up from Rs 97.77, while diesel has risen to Rs 91.58 per litre from Rs 90.67.
The Previous Hike That Set the Stage for This One
This latest revision follows a far larger adjustment on 15 May, when the government raised petrol and diesel prices by over Rs 3 per litre. That hike was itself triggered by the sharp rise in global crude oil prices, driven in large part by the escalating US-Iran conflict.
Despite that correction, a joint secretary at the Ministry of Petroleum and Natural Gas noted that losses were only reduced by a quarter, with oil companies still bleeding roughly Rs 750 crore a day.
However a report estimated that losses still stood at around Rs 10 per litre on petrol and Rs 13 per litre on diesel even after the 15 May revision.
How Much Prices Have Gone Up Across the Four Major Cities
Among the four cities, Kolkata has seen the steepest petrol price increase, up by 96 paise to Rs 109.70 per litre. Mumbai follows with a 91-paise hike, bringing rates to Rs 107.59. Delhi has seen a rise of 87 paise, while Chennai recorded the smallest increase at 82 paise, with petrol now priced at Rs 104.49. Delhi remains the cheapest of the four for petrol, while Kolkata is the most expensive.
Diesel Prices Follow a Similar Upward Pattern
On the diesel side, Mumbai and Kolkata have each seen the largest increases at 94 paise per litre, with Mumbai now at Rs 94.08 and Kolkata at Rs 96.07.
Delhi has recorded a 91-paise rise, bringing diesel to Rs 91.58, while Chennai witnessed the smallest hike at 86 paise, though it remains the priciest overall for diesel at Rs 96.11 per litre.
CNG Prices Remain Unchanged Since 17 May
Compressed Natural Gas prices have held steady since the last revision on 17 May. At Indraprastha Gas Limited stations across the Delhi-NCR region and nearby areas, CNG rates currently range from Rs 80.09 per kg in Delhi to Rs 91.42 per kg in Kanpur, depending on the specific location.
Government Confirms No Fuel Shortage Despite Global Pressures
The Minister of Petroleum and Natural Gas, Hardeep Singh Puri, has stated that there is no shortage of petrol or diesel at fuel stations across the country. He also noted that India has expanded its crude oil sourcing from 27 countries to 41 in order to maintain uninterrupted supply lines that are unaffected by the current geopolitical situation.
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