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Petrol Diesel rates steady today but Modi fuel plea hints bigger hike ahead
Economy
Published on 11 May 2026
Oil firms already absorbed losses tied to global crude swings
Petrol and diesel prices across major Indian cities held steady on Monday, May 11. But Prime Minister Modi’s fresh appeal to conserve fuel, linked to West Asia tensions and climbing global crude prices, is raising expectations of an imminent hike. With state-run oil companies reportedly covering heavy losses, prices may soon be adjusted to balance the impact.
- Fuel rates remained steady in major cities on May 11
- Modi urged fuel conservation amid West Asia conflict risks
- Rising global crude prices could force an imminent increase
- State-run firms have absorbed major losses so far
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times