Current Fuel Prices in India: Petrol and Diesel Rates for May 17, 2026
Petrol, Diesel Fresh Prices Announced: Know City-Wise Fuel Rates For May 17
Image: News 18
On May 17, 2026, petrol and diesel prices in India remained stable following a recent hike of ₹3. Petrol prices vary across major cities, with Hyderabad having the highest at ₹110.89 per litre, while Chandigarh offers the lowest at ₹97.27. Diesel prices also show similar disparities, with Thiruvananthapuram at ₹99.63 per litre and Chandigarh at ₹85.25.
- 01Petrol prices were raised by ₹3 on May 15, 2026, due to rising global crude oil prices.
- 02Hyderabad has the highest petrol price at ₹110.89 per litre, while Chandigarh has the lowest at ₹97.27.
- 03Diesel prices also increased, with Thiruvananthapuram recording the highest at ₹99.63 per litre.
- 04Oil marketing companies are absorbing some price volatility to prevent sudden shocks for consumers.
- 05Crude oil is currently trading at $105 per barrel, impacting fuel pricing.
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As of May 17, 2026, petrol and diesel prices in India have stabilized after a recent increase of ₹3 on May 15. Petrol prices now range from ₹97.27 in Chandigarh to ₹110.89 in Hyderabad, which is the highest in the country. Diesel prices also reflect significant variation, with Thiruvananthapuram at ₹99.63 per litre and Chandigarh at ₹85.25, the lowest among major cities. The recent price hike was influenced by rising global crude oil prices, currently at $105 per barrel, and supply concerns due to ongoing geopolitical tensions in West Asia. Oil marketing companies (OMCs) are managing the price fluctuations to mitigate the impact on consumers, although speculation exists that further increases may be necessary if losses continue. The government has indicated a commitment to keeping prices stable for the time being.
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The price adjustments could affect transportation costs and household budgets, particularly for those reliant on fuel for commuting.
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