Indian state fuel retailers, which control 90% of the market, began raising pump prices from May 15 after elections were over in some key states.
Since then the state companies - Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp - have raised the prices of diesel by about 8.6% and petrol by about 7.8%.
A worker fills a motorcycle's tank with petrol as newly increased fuel prices are displayed at a pump in New Delhi, India, May 19, 2026. Photo by Reuters
A liter of petrol in New Delhi will now cost 102.12 rupees ($1.07), while diesel will be priced at 95.20 rupees ($0.9949) per liter.
Rising crude prices and supply disruptions after the closure of the Strait of Hormuz have hit India, the world's third-largest oil importer and consumer.
