Petrol-Diesel Rates: Ranging from ₹104 to ₹109—How High Are Fuel Prices in Your City After the Hike?

Petrol-Diesel Rates Today: Petrol and diesel prices have once again taken a significant leap. Consequently, fuel prices have surged by ₹4 per liter in just five days. This comes as a major inflationary shock for the common people of the country.

Petrol-Diesel Rates After Price Hike: Today, May 19, state-owned oil companies have once again raised petrol and diesel prices. Today, prices were hiked by approximately 90 paise per liter. This marks the second severe inflationary blow to the common public within the span of just one week. Prior to this, last Friday (May 15), oil companies—breaking a hiatus of nearly four years—had implemented a massive hike of ₹3 per liter. With these two adjustments combined, fuel prices have risen by nearly ₹4 per liter in a mere five days.

Why Are Prices Continuing to Rise?

The ongoing conflict between the United States and Iran has severely disrupted supply lines through the Strait of Hormuz. Currently, the Strait of Hormuz is under a dual blockade imposed by both the US and Iran. As a result, crude oil prices in international markets have been steadily climbing, now hovering between $110 and $120 per barrel. Despite this, state-owned oil companies (IOCL, BPCL, HPCL) had refrained from raising rates in an effort to provide relief to the general public. Consequently, they were incurring daily losses of approximately ₹1,000 crore. To compensate for these losses, rates are now being gradually increased.

Check New Rates City-Wise

CNG Prices Also Hiked Twice

Alongside petrol and diesel, CNG prices have also been raised across the country. The first hike was implemented on Friday, May 15, when rates were increased directly by ₹2 per kilogram. The second hike followed two days later, on May 17, when rates were further increased by ₹1 per kilogram.