India’s petrol and diesel prices rose by Rs 3 per litre, reigniting commuter anxiety over costs. But comparisons with nearby markets show a sharp divide. Pakistan’s petrol and diesel translate to roughly Rs 141 per litre in Indian currency, making it far costlier than India. Nepal is also pricier, while Bhutan is closest to Indian levels. Bangladesh skews slightly cheaper on diesel but costlier on petrol. Sri Lanka remains elevated after its crisis.
Fuel prices were raised across India from Friday, with petrol and diesel increasing by as much as Rs 3 per litre amid volatile global crude markets. Delhi petrol is now Rs 97.77 and diesel Rs 90.67. Among metros, Kolkata saw the steepest petrol rise, while diesel also climbed in all four cities. The revision follows a sharp jump in wholesale fuel inflation in April. Rising Brent prices tied to Middle East tensions are squeezing oil marketing companies.
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Fuel prices surged nationwide on Friday as oil marketing companies raised petrol and diesel rates by up to Rs 3 per litre with immediate effect. Petrol in Delhi climbed to Rs 97.77 per litre, while Kolkata jumped to Rs 108.74, Mumbai to Rs 106.68, and Chennai to Rs 103.67. Analysts link the hike to volatile global crude prices and supply disruptions tied to tensions in West Asia. Retail rates vary by state due to VAT and dealer commissions, influencing transport and household budgets.
Petrol and diesel prices in India held steady on May 14 even as global crude costs climb amid West Asian tensions. Oil marketing companies are bearing daily losses instead of passing costs to consumers. Meanwhile, sugar exports are banned to curb domestic prices, milk has turned costlier, and the government doubled gold import duty—raising fears of future fuel hikes if the conflict drags on.
Petrol and diesel prices remained unchanged across major Indian cities on Tuesday, May 5, even as global oil prices jumped. Government sources suggest retailers are looking to recover losses, with a possible hike of up to Rs 5 per litre for both fuels soon. Domestic LPG cylinder prices are also expected to rise.
Petrol prices in India change every day based on global crude oil costs, the rupee’s movement against the dollar, and local supply-demand conditions. Refining expenses, taxes, and dealer commissions also shape what consumers pay per litre. Check the latest city-wise rates for Delhi, Mumbai, Chennai, Kolkata and Bengaluru on 3 May 2026.
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India’s government dismissed circulating claims of a ₹25 per litre petrol and diesel price hike, with the Ministry of Petroleum and Natural Gas calling the reports “mischievous” and intended to trigger panic. The clarification followed attention to a Kotak Institutional Equities research note that projected a possible jump after state elections conclude on April 29.
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