Fuel Prices Surge Again: Petrol and Diesel Rates Hit Record Highs in India
Petrol, Diesel price hiked again on May 26? Check latest rates in Delhi, Gurgaon, Faridabad and other cities as CNG gets costlier
The Economic Times
Image: The Economic Times
On May 26, 2026, petrol and diesel prices remained stable while CNG prices increased by ₹2 per kg in Delhi-NCR. The latest petrol prices reached ₹102.12 per litre in Delhi, marking a series of hikes since May 15, totaling nearly ₹7.5 per litre due to rising global crude oil prices.
- 01CNG prices in Delhi-NCR rose to ₹83.09 per kg after a ₹2 increase.
- 02Petrol prices in Delhi increased to ₹102.12 per litre, while diesel rose to ₹95.20.
- 03The cumulative increase in petrol and diesel prices since May 15 has approached nearly ₹7.5 per litre.
- 04State-run fuel retailers control nearly 90% of India's fuel retail market.
- 05Global crude oil prices surged over 50% since late February, influencing local fuel prices.
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On May 26, 2026, petrol and diesel prices in India remained unchanged, while Compressed Natural Gas (CNG) prices increased by ₹2 per kg in the Delhi-NCR region, reaching ₹83.09 per kg. Following a recent hike on May 25, petrol prices in Delhi climbed to ₹102.12 per litre from ₹99.51, and diesel prices increased to ₹95.20 from ₹92.49. This marks the highest fuel prices since May 2022. The latest adjustments are attributed to rising global crude oil prices, which have surged over 50% since late February due to geopolitical tensions, including US-Israeli strikes on Iran. The recent price hikes have occurred four times in just 11 days, with a total increase of nearly ₹7.5 per litre since May 15. Major state-run fuel retailers, such as Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited, dominate the market, controlling nearly 90% of fuel retail sales in India.
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The increase in fuel prices will affect transportation costs and overall inflation in the region.
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