Petrol and diesel prices witnessed a significant hike of Rs 3 per litre on May 15, 2026, across major metropolitan cities including Mumbai, Kolkata, Chennai, Bangalore, and Hyderabad. This marks one of the steepest single-day increases in recent months, driven by rising global crude oil prices and adjustments in domestic taxes.
New Fuel Rates in Major Cities
Following the price revision, petrol now costs Rs 106.24 per litre in Mumbai, while diesel is priced at Rs 94.67 per litre. In Kolkata, petrol rates have reached Rs 104.56 per litre, and diesel is at Rs 92.34 per litre. Chennai saw petrol prices climb to Rs 103.78 per litre, with diesel at Rs 91.45 per litre. Bangalore's petrol price now stands at Rs 105.12 per litre, and diesel at Rs 93.21 per litre. Hyderabad recorded petrol at Rs 107.89 per litre and diesel at Rs 95.43 per litre.
Reasons Behind the Price Hike
The increase is attributed to a surge in international crude oil prices, which have crossed $85 per barrel due to geopolitical tensions and supply constraints. Additionally, state governments have revised value-added tax (VAT) rates, contributing to the higher retail prices. The central government’s excise duty remains unchanged, but the cumulative effect has led to a sharp rise for consumers.
Fuel prices in India are revised daily based on the average international crude oil price and foreign exchange rates. The recent hike adds to the financial burden on households and transportation sectors, potentially impacting inflation.
City-Wise Petrol and Diesel Prices (May 15, 2026)
- Mumbai: Petrol Rs 106.24/L, Diesel Rs 94.67/L
- Kolkata: Petrol Rs 104.56/L, Diesel Rs 92.34/L
- Chennai: Petrol Rs 103.78/L, Diesel Rs 91.45/L
- Bangalore: Petrol Rs 105.12/L, Diesel Rs 93.21/L
- Hyderabad: Petrol Rs 107.89/L, Diesel Rs 95.43/L
Consumers are advised to check the latest prices at their local fuel stations as rates may vary slightly due to local taxes and dealer commissions. The government has not announced any immediate relief measures, but discussions are underway to stabilize prices.
