Context: Petrol diesel price hike
State-owned Oil Marketing Companies increased petrol and diesel prices by about 90 paise per litre — second hike within a week after a ₹3 per litre increase on May 15, 2026.
Reason
- Rising Brent crude prices amid West Asia tensions.
Recent Hikes
- ₹3 per litre hike on May 15 after nearly four years.
- Additional around 90 paise per litre hike on May 19.
Government Stand
- No bailout package for Oil Marketing Companies currently.



