Fuel Price Hike From May 15: Petrol, Diesel and CNG Rates Rise

Petrol and diesel prices were revised across major cities effective May 15, with both becoming costlier by around ₹3 per litre. CNG prices also increased by ₹2 per kg in key markets.

The revision comes amid rising crude oil prices, West Asia tensions, and increasing cost pressure on fuel retailers. For consumers, this may increase daily travel expenses, while businesses may see higher transport and logistics costs. 

Petrol and Diesel Prices in Major Cities

Here are the revised petrol and diesel prices in major cities after the latest hike:

City	Petrol Price	Petrol Change	Diesel Price	Diesel Change
New Delhi	₹97.77/litre	+₹3.00	₹90.67/litre	+₹3.00
Kolkata	₹108.70/litre	+₹3.25	₹95.13/litre	+₹3.11
Mumbai	₹106.68/litre	+₹3.14	₹93.14/litre	+₹3.11
Chennai	₹103.67/litre	+₹2.87	₹95.25/litre	+₹2.86
Gurgaon	₹98.47/litre	+₹3.17	₹90.94/litre	+₹3.17
Noida	₹97.78/litre	+₹3.04	₹91.02/litre	+₹3.21
Bengaluru	₹106.21/litre	+₹3.25	₹94.10/litre	+₹3.11
Bhubaneswar	₹104.19/litre	+₹3.22	₹95.74/litre	+₹3.19
Chandigarh	₹97.27/litre	+₹2.97	₹85.25/litre	+₹2.80
Hyderabad	₹110.89/litre	+₹3.39	₹98.96/litre	+₹3.26
Jaipur	₹107.97/litre	+₹2.94	₹93.23/litre	+₹2.74
Lucknow	₹97.55/litre	+₹2.82	₹90.82/litre	+₹2.96
Patna	₹108.55/litre	+₹3.01	₹94.63/litre	+₹2.85
Thiruvananthapuram	₹110.58/litre	+₹3.20	₹99.35/litre	+₹3.09

What Changed in CNG Prices?

CNG became costlier by ₹2 per kg.

• In Delhi, the rate increased from ₹77.09 per kg to ₹79.09 per kg. 
• In the Mumbai Metropolitan Region, the revised price is ₹84 per kg.

This may affect auto drivers, cab operators, fleet owners, and daily commuters who use CNG vehicles.

How Can the Fuel Price Hike Affect Consumers?

Higher petrol and diesel prices can directly increase households’ commuting costs.

Diesel is also widely used in freight, logistics, agriculture, buses, and commercial transport. If fuel costs stay elevated, businesses may face higher transportation and distribution expenses.

How Can This Add to Fuel Inflation?

Fuel inflation can rise when petrol, diesel, CNG, LPG, or crude-linked products become costlier.

A fuel price hike can gradually affect:

• Daily travel expenses
• Goods transport costs
• Logistics and delivery charges
• Agriculture-related diesel usage
• Prices of essential commodities
• Household savings and spending

The wider effect depends on how long crude oil prices remain elevated and whether further revisions happen.

Which Sectors May Feel the Pressure?

Sector / Area	Possible Effect
Transport and logistics	Higher operating costs
Agriculture	Diesel-linked input costs may rise
FMCG and retail	Distribution expenses can increase
Cab and auto services	CNG cost rise may affect fares
Oil marketing companies	Margin pressure may reduce if prices adjust
Consumers	Higher monthly fuel bills

Final Outlook

The next movement in petrol and diesel rates will depend on global crude oil prices, the rupee-dollar exchange rate, and developments in West Asia.

If energy prices stay firm, fuel inflation and logistics costs may remain important concerns for households, businesses, and market participants.

Source: https://timesofindia.indiatimes.com

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