Petrol, Diesel Prices Surge Again On May 26, 2026 Check Rates In Delhi, Mumbai, Kolkata & More

India is witnessing another sharp rise in petrol and diesel prices as state-run oil marketing companies continue to revise fuel rates amid escalating global crude oil prices and geopolitical tensions in West Asia. The latest hike has pushed petrol prices beyond the Rs 100-per-litre mark in several major cities, increasing pressure on household budgets, transport costs, and inflation.

According to recent reports, petrol prices were increased by nearly Rs 2.61 per litre while diesel prices saw a jump of around Rs 2.71 per litre. This marks the fourth fuel price hike in less than two weeks, resulting in a cumulative increase of nearly Rs 7.5 to Rs 8 per litre across India.

The sharp rise in fuel prices is largely linked to volatility in international crude oil markets, especially due to tensions surrounding the Strait of Hormuz and the ongoing conflict in West Asia. Analysts say the weakening rupee and rising import costs have also forced oil marketing companies to pass on the burden to consumers.

Cities like Mumbai, Hyderabad, Kolkata, and Bengaluru continue to remain among the costliest places for fuel in the country. Petrol prices in Mumbai have reportedly crossed Rs 111 per litre, while diesel prices are nearing Rs 100 per litre in several metros.

Also Read: Fuel price hike 'daylight robbery': Pinarayi Vijayan slams Centre

Industry experts warn that continued fuel price hikes could trigger broader inflationary pressure, impacting transportation, logistics, food delivery, agriculture, and everyday household expenses. Opposition parties have also criticised the repeated hikes, calling them a major burden on common citizens.

Oil companies revise petrol and diesel prices daily at 6 AM based on global crude oil benchmarks, freight charges, currency exchange rates, and local taxes.

Latest Petrol and Diesel Prices In Major Cities

Fuel prices are indicative and may vary slightly depending on local taxes and dealer margins.

Also Read: DK Shivakumar slams BJP over price hikes, hails Congress guarantees

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