Central government broke silence on petrol and diesel prices, when will the prices increase now?

New Delhi: The Petroleum Ministry has given a big statement regarding the prices of petrol and diesel. The ministry says that it is difficult to tell right now when the next price increase will take place. However, the government clarified that there is no shortage of petrol, diesel, LPG and natural gas in the country. The supply is completely normal and people should not panic and buy more fuel than necessary.

Fuel became costlier by Rs 3  

Let us tell you that on May 16, 2026, the government oil companies had increased the prices of petrol and diesel by Rs 3 per liter. Since then there is discussion among the people that the prices may increase further in the coming days. High prices of crude oil in the global market and tension in West Asia are the main reasons for this. There is instability in the crude oil market due to the increasing dispute between America and Iran.

Weak rupee is increasing the problem   

Sujata Sharma, Joint Secretary of the Petroleum Ministry, said that the government cannot yet estimate any possible increase in prices. He said that along with the price of crude oil in the international market, the weakness of the rupee is also creating pressure.

The rupee is trading around 96 against the dollar. India imports a major part of its needs. In such a situation, the cost of oil and the weakening of the rupee have a direct impact on domestic prices.

Gave assurance regarding supply   

The government has assured that there is sufficient stock of fuel in the country. The supply chain is working without any interruption. The ministry has appealed to the people to buy petrol and diesel only as per their need. This will not create panic in the market. The government is also promoting the use of alternative fuels. Emphasis is being laid on the use of PNG, induction cooking and electric appliances so that the pressure on conventional fuel is reduced.

What could happen next?   

At present the government has not made it clear whether the prices will remain stable or increase. Experts believe that if crude oil remains expensive in the international market and the tension in West Asia does not subside, then there will be pressure on the prices of petrol and diesel in India. Only the price of crude oil and the movement of the rupee against the dollar will decide the direction of the next change.