{"id":75715,"date":"2026-05-15T19:31:03","date_gmt":"2026-05-15T19:31:03","guid":{"rendered":""},"modified":"2026-05-15T19:31:03","modified_gmt":"2026-05-15T19:31:03","slug":"petrol-diesel-prices-hiked-by-rs-3-cng-by-rs-2-after-elections-as-crude-costs-bite","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=75715","title":{"rendered":"Petrol, diesel prices hiked by Rs 3, CNG by Rs 2 after elections as crude costs bite"},"content":{"rendered":"

Petrol, diesel prices hiked by Rs 3, CNG by Rs 2 after elections as crude costs bite
GST
Dated:- 15-5-2026
PTI
New Delhi, May 15 (PTI) Petrol and diesel prices were raised by Rs 3 per litre on Friday for the first time in more than four years, as surging global crude prices following the Iran war forced state-run fuel retailers to pass on part of their mounting losses after months of holding rates steady through key state elections.<\/p>\n

The increase pushed petrol prices in New Delhi to Rs 97.77 per litre from Rs 94.77, while diesel rose to Rs 90.67 from Rs 87.67, according to industry sources.<\/p>\n

Rates vary across states due to differences in value-added tax.<\/p>\n

Compressed natural gas (CNG) prices were also raised by Rs 2 per kg in cities including Delhi and Mumbai.<\/p>\n

CNG in Delhi now costs Rs 79.09 per kg, and in Mumbai it costs Rs 84. However, prices of both natural gas piped into household kitchens for cooking, called piped natural gas, as well as domestic cooking ga<\/p>\n

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\n “Ghalti Modi sarkaar ki, keemat janta chukayegi (The public will pay the price for the Modi government's mistake),” Gandhi said in a post on X. “The Rs 3 shock has already arrived, the rest of the 'vasooli' (recovery) will be done in instalments.” \t BJP, however, defended the decision, saying the government had shielded consumers from the global oil shock for more than two months and implemented only a “limited and calibrated” increase of 3.2-3.4 per cent.<\/p>\n

Prices have remained on freeze since April 2022, but for a one-off reduction by Rs 2 a litre each on petrol and diesel in March 2024, just before Lok Sabha elections. Rates were last hiked in April 2022.<\/p>\n

Petrol in Mumbai now costs Rs 106.68 a litre and diesel comes for Rs 93.14 per litre. In Kolkata, petrol now costs Rs 108.74 per litre and diesel Rs 95.13, while in Chennai, prices increased to Rs 103.67 for petrol and Rs 95.25 for diesel.<\/p>\n

Industry sources said the price hike is modest relative to the rise in crude pri<\/p>\n

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nment's excise duty relief and the latest price increase have narrowed under-recoveries to about Rs 10 per litre on petrol and Rs 13 on diesel, though cumulative losses since the start of the conflict are expected to exceed Rs 1 lakh crore by the end of May.<\/p>\n

Friday's move follows excise duty cuts announced in March and comes as the government rolls out measures to curb fuel consumption and contain the country's oil import bill. Prime Minister Narendra Modi this week urged fuel conservation, work-from-home practices and reduced travel as higher energy prices strain India's foreign exchange reserves and threaten to widen the current account deficit for a third straight year.<\/p>\n

Some state governments have already instructed departments to limit travel, avoid physical meetings and operate with reduced office staffing.<\/p>\n

Private fuel retailers had already increased pump prices. Nayara Energy, the country's largest private fuel retailer, in March, raised petrol prices by Rs 5 per lit<\/p>\n

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Petrol, diesel prices hiked by Rs 3, CNG by Rs 2 after elections as crude costs biteGSTDated:- 15-5-2026PTINew Delhi, May 15 (PTI) Petrol and diesel prices were raised by Rs 3 per litre on Friday for the first time in more than four years, as surging g…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-75715","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/75715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75715"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/75715\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}