Petrol and diesel prices have been raised by up to Rs 3.29 per litre across Delhi, Mumbai, Chennai, and Kolkata, effective May 15, 2026.
CNG prices in Delhi and Mumbai have each gone up by Rs 2 per kg, though supply remains unaffected at 100 per cent capacity.
After holding fuel prices steady for four consecutive years, state-owned oil companies in India have finally revised rates upward. Effective May 15, 2026, petrol and diesel prices have gone up across the country, with Kolkata bearing the steepest increase.
CNG users in Delhi and Mumbai are also feeling the pinch, with a Rs 2 per kg rise coming into effect on the same date.
In Delhi, petrol now costs Rs 97.77 per litre, up from Rs 94.77, while diesel has moved from Rs 87.67 to Rs 90.67 per litre. Mumbai has seen petrol climb to Rs 106.68 per litre (previously Rs 103.54) and diesel to Rs 93.14 per litre (up from Rs 90.03). Chennai's petrol price now stands at Rs 103.67 per litre, a rise of Rs 2.83, with diesel moving to Rs 95.25 per litre.
Kolkata recorded the sharpest hike, with petrol going up by Rs 3.29 to Rs 108.74 per litre, and diesel rising by Rs 3.11 to Rs 95.13 per litre.
CNG Prices Revised Upward, But Supply Remains Stable
For those running CNG-powered vehicles, the revision is equally notable. In Delhi, CNG now costs Rs 79.09 per kg, up from Rs 77.09, while Mumbai has seen prices rise from Rs 82 to Rs 84 per kg.
Despite the ongoing conflict in the Middle East, the Ministry of Petroleum and Natural Gas confirmed that the supply of CNG for transport purposes remains at 100 per cent, offering some reassurance to commuters and fleet operators.
Government Cites Strategic Reserves and Global Pressures as Justification
Petroleum and Natural Gas Minister Hardeep Singh Puri, speaking at the Annual Business Summit 2026 in New Delhi, noted that India currently holds a buffer stock of crude oil and LNG worth 60 days, and LPG stock sufficient for 45 days, with no immediate threat of a shortage on the horizon.
The minister also underlined the burden the government had been absorbing on behalf of consumers. According to Puri, state-run oil companies had been taking on losses amounting to Rs 1,000 crore per day in order to keep fuel prices from rising. A government report from May 11, 2026 noted that India was among a handful of nations globally to have kept petroleum prices unchanged for more than 70 days since the onset of the Middle East conflict, an effort to shield citizens from the full brunt of surging global crude prices.
What This Means for Car Owners and Daily Commuters
The revision, while long anticipated, marks a tangible shift in the cost of daily motoring across India. Whether you drive a petrol hatchback, a diesel SUV, or rely on a CNG-powered city car, the numbers at the pump are now noticeably higher.
With no indication of a rollback in the near term, motorists may want to factor revised fuel costs into their monthly budgets sooner rather than later.
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