Fuel Prices Hike by Up to 91 Paise Per Litre in Third Rise in 10 Days
May 23, 2026
Petrol and diesel prices were increased by up to 91 paise per litre on Saturday, marking the third fuel price hike in less than 10 days across India.
In Delhi, petrol prices rose by 87 paise to ₹99.51 per litre, while diesel prices went up by 91 paise to ₹92.49 per litre. This latest revision follows a ₹3 per litre hike on May 15, followed by a 90 paise increase on May 19, pushing overall fuel prices up by nearly ₹5–6 per litre in recent days.
The price surge comes amid a sharp spike in global crude oil prices triggered by the escalating Iran conflict and disruptions to shipping in the Strait of Hormuz, a critical chokepoint for global oil transit. The International Energy Agency (IEA) has described the conflict as "the largest supply disruption in history," affecting approximately 7.5% of global oil supply.
The consecutive price hikes are expected to increase transportation costs and inflationary pressures across the country, adding to the financial burden on consumers already grappling with rising living expenses.
