Petrol and Diesel Prices Today: India Increases Fuel Prices by ₹3 Per Litre Each | May 15, 2026

From May 15, 2026, India has implemented a ₹3 increase per litre on petrol and diesel prices amid a global energy crisis.  

This has resulted in a new diesel price of ₹90.67 and a petrol price of ₹97.77 per litre in Delhi. 

Impact of Fuel Price Hike and Global Energy Crisis 

The recent price hike comes after the outbreak of war between the US and Iran on February 28, 2026, which led to the closure of the Strait of Hormuz, a crucial oil shipping route.  

As a result, fuel costs have surged globally, compelling the Indian government to revise domestic prices. 

This adjustment marks the first increase in fuel prices since 2022. Additionally, CNG prices have risen by ₹2 per kg, now costing ₹79.09 per kg.  

The mounting pressure on oil marketing companies (OMCs) has contributed to these changes, with under-recoveries expected to reach ₹2,00,000 crore. 

Government's Appeal for Fuel Conservation 

Prime Minister Narendra Modi has urged citizens to practice fuel conservation, stressing the importance of efficient fuel use to reduce economic strains and save foreign exchange.  

To mitigate the impact of these price increases, various states have initiated measures such as promoting public transport, reducing convoys, and encouraging work-from-home practices. 

Read More: Mahanagar Gas Share Price in Focus as CNG Price in Mumbai Increases by ₹2 to ₹84 Per Kg! 

Expert Insights on Potential Future Increases 

Hardeep Singh Puri, Union Petroleum and Natural Gas Minister, has acknowledged that further fuel price increases may be unavoidable due to ongoing global uncertainties.  

Despite this, the government remains committed to managing the broader economic impact on its citizens. 

Conclusion 

The ₹3 increase in fuel prices across India reflects the global energy crisis's significant impact, largely triggered by geopolitical tensions. Increased fuel costs highlight challenges for OMCs, with a focus on encouraging conservation practices to curb import dependence and economic pressures. 

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