Centre hikes petrol, diesel prices by Rs 3 per litre each
New Delhi, May 15
The Centre has hiked the prices of petrol and diesel by Rs 3 per litre each on Friday across the country.
In New Delhi, the petrol prices rose from Rs 94.77 to Rs 97.77 per litre, while diesel prices increased from Rs 87.67 to Rs 90.67 per litre.
This comes amid a call for fuel conservation as the world faces an energy crisis amid the West Asia conflict, which led to a blockade in the significant maritime trade route, the Strait of Hormuz.
The Brent oil prices have been at a record high in the wake of the US-Israel and Iran war, which began on February 28 this year. The Brent oil price has been hovering over USD 100 per barrel as the US and Iran are attempting to mediate for a long-term ceasefire in the region.
The widening of the ambit of the war engulfed the West Asian countries, which are major suppliers of fuel.
However, India has maintained that there is no shortage of fuel and has adequate energy supplies.
On May 12, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said India ensured stable fuel prices and uninterrupted energy supplies despite global disruptions and rising crude oil prices, while significantly boosting domestic LPG production to meet growing demand.
Addressing the CII Annual Business Summit 2026, Puri highlighted India's resilience in handling global energy shocks through strong policy coordination and effective supply management.
"At a time of global supply shocks and rising crude prices, India ensured seamless availability of petrol, diesel, and LPG across the country, with no reports of shortages. Despite sharp global volatility, fuel prices have largely remained unchanged since 2022, reflecting strong policy coordination and effective supply management," the minister said.
Ministry of Petroleum and Natural Gas had also said the government has taken several effective measures to ensure uninterrupted fuel supplies for consumers and that the crude oil inventories remain stable, refineries are operating at optimum levels, and adequate stocks of petrol, diesel and LPG are available across the country with no reported dry-outs.
— ANI
Reader Comments
It's a tough situation globally, no doubt. The West Asia conflict is real and supplies are tight. But we need to ask - why aren't our strategic reserves being used more aggressively? Minister Puri says no shortages, but prices still go up. There should be a transparent formula for pricing, not just sudden hikes. 😤
At least the government is ensuring no shortages and stable LPG supply. Remember last year when people were panicking? This time they assured us stocks are fine. But ₹3 hike is steep for auto drivers and small businesses. Need more focus on renewable energy and reducing dependence on imported oil. 🌱
I'm tired of these 'global factors' excuses. Every time oil prices rise internationally, we pay full price immediately. But when they fall, government taxes don't come down! The excise duty cut during COVID was reversed long ago. Common sense says we need to build more refineries and push electric vehicles faster. 🚗⚡
On one hand, the minister says prices haven't changed since 2022 - that's technically true because there have been no increases for over 2 years. But this hike is sudden and unexpected. With my daily commute of 40 km, this adds up. Hope the government uses this revenue for infrastructure and not just filling coffers. 🤔
I appreciate that they kept prices stable for so long during global turmoil. The situation in West Asia is really serious - Strait of Hormuz blockade affects everyone. But ₹3 per litre is too much at one go. Could have been phased over a
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