Petrol-Diesel Prices Increased 3 Times in 10 Days as fuel rates were hiked on May 14, 20 and 23. Rising crude oil prices and global tensions have increased petrol and diesel prices across India.
Petrol-Diesel Prices Increased 3 Times in 10 Days – Crude Oil Crosses $100
Petrol-Diesel Prices Increased 3 Times in 10 Days: Petrol and diesel prices have once again been increased across the country. Fuel prices have now been hiked three times in May, putting additional burden on the common people. Continuous increases in fuel rates over the last three days have also raised concerns among vehicle owners and the transport sector.
Details of the fuel price hikes in the last 10 days are as follows:
- May 15, 2026: Petrol and diesel prices were increased by around ₹3 per litre.
- May 19, 2026: Both fuels saw an average hike of 90 paise per litre.
- May 23, 2026: Petrol price was increased by ₹0.87 per litre, while diesel became costlier by ₹0.91 per litre.
Petrol Diesel Price Hike : The continuous rise in fuel prices is making daily travel more expensive for common citizens. Apart from private vehicle owners, taxi drivers, auto-rickshaw operators and transport businesses are also facing direct impact. With transportation costs increasing, prices of vegetables, milk, grains and other essential commodities may also rise in the coming days.
People in Gujarat as well as several other states have expressed concern over the repeated fuel price hikes. Many citizens say that rising petrol and diesel prices are disturbing household budgets. Meanwhile, traders and transporters have also indicated a possible increase in freight and transportation charges.
Why Have Petrol and Diesel Prices Increased?
Fuel Price Hike in India : The main reason behind the latest fuel price hike is the sharp rise in crude oil prices in the international market. Growing tensions and war-like situations between Iran and the United States have created uncertainty in the global oil market.
Before the conflict began, crude oil prices were around $70 per barrel in the international market. However, prices have now crossed $100 per barrel. This steep rise has increased pressure on Indian oil marketing companies.
Oil companies had been bearing the burden of higher costs for a long time. As a result, companies have now decided to increase petrol and diesel prices to compensate for the losses. According to industry experts, if crude oil prices continue to remain high in the global market, fuel prices in India may witness further hikes in the coming days.
Crude Oil Price Surge : Experts also warn that continued increases in fuel prices could directly impact inflation and increase the cost of essential goods and services across the country.
