Petrol-Diesel Price Hike: What was feared finally happened. The people of the country got a big shock in the early morning of 15th May. Petrol and diesel have become expensive in the country. Petrol and diesel have become costlier by Rs 3 each per litre. Petro companies have increased the prices of petrol by Rs 3.14 and diesel by Rs 3.11. This increase in prices has been made after about 2 years. Now petrol will be available at Rs 97.77 per liter in Delhi. The price of diesel has increased to Rs 90.67 per liter. The new prices have come into effect from today, May 15.
The new prices of petrol and diesel have come into effect from Friday (15 May 2026). While petrol in Delhi has become costlier by Rs 3 to Rs 97.77 per litre, in Kolkata it has become costlier by Rs 108.74 (costlier by Rs 3.29). Jabti is being sold at the rate of Rs 106.68 (costlier by Rs 3.14) per liter in Mumbai and Rs 103.67 (costlier by Rs 2.83) in Chennai.
New prices of petrol in metros
| City | Old Price(Rs/Litre) | New price (Rs/Litre) | Total increase (Rs.) |
| Delhi | 94.77 | 97.77 | 3.00 |
| Mumbai | 103.50 | 106.68 | 3.14 |
| Kolkata | 105.45 | 108.74 | 3.29 |
| Chennai | 100.80 | 103.67 | 2.87 |
Talking about the prices of diesel, like petrol, it has also increased by Rs 3 per liter in Delhi. The price of diesel in Delhi, which was earlier Rs 87.67 per liter, has now increased to Rs 90.67 per liter. Similarly, diesel prices in Kolkata have increased by Rs 3.11 to Rs 95.13 per liter. Diesel in Mumbai has increased by Rs 3.11 per liter to now Rs 93.14 per liter. In Chennai, the capital of Tamil Nadu, diesel has become costlier by Rs 2.86 per liter and is available at Rs 95.25.
New prices of diesel in metros
| City | Old Price(Rs/Litre) | New price (Rs/Litre) | Total increase (Rs.) |
| Delhi | 87.67 | 90.67 | 3.00 |
| Mumbai | 90.03 | 93.14 | 3.11 |
| Kolkata | 92.02 | 95.13 | 3.11 |
| Chennai | 92.39 | 95.25 | 2.86 |
This is the first time since the beginning of the Middle East war that the prices of petrol and diesel have increased in India. The possibility of increase in the prices of petrol and diesel due to the Iran war was there for a long time. However, it was not extended due to elections in 5 states. Now a huge increase has been made within 10 days of the elections being over. Recently, Prime Minister Narendra Modi had appealed to the people of the country to save fuel. He had emphasized on working from home and less use of personal vehicles. Since then there were indications that the prices of petrol and diesel may increase.
Prices had not changed since 2024, there was a cut before the elections.
Let us tell you that the prices of petrol and diesel in the country had remained stable since March 2024. Just before the Lok Sabha elections 2024, the government had given relief to the public by reducing the prices by ₹ 2 per liter. However, due to the Iran war and closure of the Strait of Hormuz, the supply of oil and gas in the country has almost come to a standstill. At the same time, oil companies were incurring losses due to increase in the price of crude oil.
