Petrol Diesel Price Hike 2026 Due to Rising Crude Oil Prices

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

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.
Petrol diesel price hike
Petrol diesel price hike
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Petrol Diesel Price Hike 2026 Due to Rising Crude Oil Prices

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