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OMCs raises petrol, diesel prices by Rs 2.61-2.71 per litre on May 25
May-25-2026

The oil marketing companies (OMCs) have raised petrol and diesel prices by Rs 2.61-2.71 per litre on May 25, 2026, marking the fourth hike in less than two weeks as state-owned fuel retailers continued passing on rising international oil prices to consumers. With the latest revision, cumulative increases in petrol and diesel prices have nearly reached Rs 7.5 per litre since fuel price revisions resumed on May 15 after a prolonged freeze, raising concerns about inflationary pressures and higher transportation costs across the economy.

The latest revision pushed petrol prices higher by Rs 2.61 per litre and diesel by Rs 2.71. Petrol prices were raised to Rs 102.12 a litre in Delhi from Rs 99.51 previously, while diesel rates were increased to Rs 95.20 per litre from Rs 92.49. The back-to-back increases follow a prolonged freeze in retail fuel prices and come amid elevated crude oil prices in the global market, tightening refining margins, and a weaker rupee, which have sharply raised the cost of imports. Petrol and diesel prices were increased on May 15 by Rs 3 per litre each, and on May 19 by 90 paise a litre. This was followed by an 87-paise per litre increase in petrol and a 91-paise hike in diesel rates on May 23.

After Monday's increase, petrol at PSU pumps in Mumbai now costs Rs 111.21 per litre and diesel Rs 97.83, while prices in Kolkata rose to Rs 113.51 and Rs 99.82, respectively. In Chennai, petrol is priced at Rs 107.77 and diesel at Rs 99.55. Prices vary across states due to local taxes. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) together control 90 per cent of India's fuel market. Petrol and diesel prices are now at their highest levels since May 2022.

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