Petrol and diesel become expensive again in all four metros including Delhi and Mumbai, third major increase in 10 days.
Amidst the skyrocketing prices of crude oil in the international market, the burden of inflation on Indian consumers is continuously increasing. Oil Marketing Companies (OMCs) have once again increased the prices of petrol and diesel significantly today, Saturday, May 23, 2026, in the four major metros of the country – Delhi, Mumbai, Kolkata and Chennai.
This is the third major increase in fuel prices within the last 10 days amid the current global conditions and the West Asia crisis. Today on Saturday, petrol has become costlier by 87 paise per liter and diesel by 91 paise per liter in Delhi. After this increase, petrol in Delhi has reached very close to ₹ 100.
Today’s new rates of petrol and diesel in all four metros (23 May 2026)
After Saturday’s increase and the latest increase in the bracket, the new fuel prices in the four major metros of the country are as follows:
| Metropolis (City) | New rate of petrol (per liter) | New rate of diesel (per liter) |
|---|---|---|
| Delhi | ₹99.51 (+0.87) | ₹92.49 (+0.91) |
| Mumbai | ₹108.49 (+0.90) | ₹95.02 (+0.94) |
| Kolkata | ₹110.64 (+0.94) | ₹97.02 (+0.95) |
| Chennai | ₹105.31 (+0.82) | ₹96.98 (+0.87) |
From May 15 till now: Oil became costlier by about ₹ 5 in 3 times
In this month of May, government oil companies have caused huge loss to the budget of the general public in three installments:
First hike: This month, for the first time, oil companies made a lump sum increase in the prices of petrol and diesel. 3-3 rupees There was a huge increase.
Second increase: After this, considering the current circumstances, the companies again increased the prices. 90 paisa Per liter increased.
Third hike (today): today saturday once again close 90 paisa The prices were increased till.
Net effect: From May 15 till now, i.e. within just 10 days, the rates of petrol and diesel in Delhi have increased by almost Rs 5 per liter Has increased till.
Oil companies incur huge loss of ₹1000 crore daily
The country’s three major state-run oil companies—Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL)—have expressed common concern. Companies say that due to the current global conditions and supply chain disruptions, they are facing huge financial losses of Rs 1000 crore every day.
Crude Oil Mathematics: Before the war and geopolitical tension started, crude oil was being sold in the international market at around $ 70 per barrel, which is now reaching the seventh sky. $110 per barrel Touching the level of. Due to this unprecedented rise of $40 in crude oil, the prices are continuously increasing in the domestic market.
The prices may increase further by Rs 9 to 12!
Despite the current increase in fuel prices, the coming days may become more difficult for the general public. Experts and analysts associated with the petroleum industry believe that in view of the current situation in the international market, there is a need to further increase the prices of petrol and diesel by Rs 9 to Rs 12 per liter to compensate for the losses of the oil companies.
Big cut in excise duty by the government: The Central Government has also taken a big step to save the companies from bankruptcy and to directly protect the citizens of the country from the shock of this severe inflation. The government has announced a huge reduction in excise duty (excise duty) on both petrol and diesel by Rs 10 each per litre. Despite this big relief from the government, the prices of crude oil in the international market are so high that there is no significant improvement in the financial condition of the oil companies. This simply means that if the global situation does not improve soon, then the prices of petrol and diesel may go up further in the coming days.
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