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Petrol, diesel prices hiked after 4 yrs; more expected
Mint Ahmedabad
|May 16, 2026
The latest price hike comes less than three weeks after state assembly elections
The increase in fuel prices has hit the transport sector.
(MINT)
Indian oil marketing companies (OMCs) finally bit the bullet and raised prices of petrol and diesel by around ₹3 a litre on Friday. According to two people aware of developments, more price hikes are expected going ahead as the under-recoveries of OMCs are still high.
The latest price hike—the first in four years by the state-run refiners—comes less than three weeks after assembly elections in Assam, Kerala, Tamil Nadu, West Bengal and Puducherry concluded on 29 April.
Petrol and diesel are now available at ₹97.77 and ₹90.67 per litre, respectively, in Delhi. In the other key metros of Mumbai, Kolkata and Chennai, petrol prices are ₹106.68, ₹108.74 and ₹103.67. Diesel is now priced at ₹93.14 and ₹95.25, respectively, in these three cities.
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