Fuel prices across India surged sharply on May 15 as oil marketing companies increased petrol and diesel rates by over Rs 3 per litre amid rising global crude oil prices and supply concerns linked to the ongoing West Asia crisis.
The latest revision pushed petrol prices above Rs 110 per litre in multiple cities, while diesel rates in some regions moved close to the Rs 100 mark. Southern and eastern cities continued to witness the highest fuel prices due to higher state taxes and local levies.
Hyderabad Becomes India’s Costliest City for Petrol
Hyderabad recorded the highest petrol price among major Indian cities after the latest hike. Petrol prices in the Telangana capital rose by Rs 3.39 to Rs 110.89 per litre.
Thiruvananthapuram ranked second, where petrol prices climbed Rs 3.37 to Rs 110.75 per litre.
Kolkata secured the third position with petrol retailing at Rs 108.74 per litre after a Rs 3.29 increase. Patna followed closely at Rs 108.55 per litre, while Jaipur completed the top five most expensive cities with petrol priced at Rs 108.19 per litre.
Mumbai also remained among the costliest metro cities, with petrol prices touching Rs 106.64 per litre.
Diesel Prices Near Rs 100 Per Litre
On the diesel front, Thiruvananthapuram recorded the highest diesel price in the country at Rs 99.63 per litre after a Rs 3.37 hike.
Hyderabad came next with diesel prices reaching Rs 98.96 per litre following an increase of Rs 3.26 per litre.
Bhubaneswar ranked third among the most expensive diesel markets, where rates rose by Rs 3.56 to Rs 96.11 per litre. Chennai and Kolkata also saw diesel prices exceed Rs 95 per litre.
Delhi and Chandigarh Remain Relatively Cheaper
Compared to several metro cities, fuel prices in Delhi continued to remain lower. Petrol in the national capital was priced at Rs 97.77 per litre, while diesel stood at Rs 90.67 per litre after the latest revision.
Chandigarh remained the cheapest among major cities, with petrol retailing at Rs 97.27 per litre and diesel at Rs 85.25 per litre despite the recent increase.
Why Fuel Prices Are Rising
The fresh hike comes as state-run oil marketing companies face mounting pressure from rising global crude oil prices and higher import costs. Crude oil is currently trading around $107 per barrel due to geopolitical tensions and supply disruptions caused by the ongoing West Asia conflict.