Petrol, diesel prices hiked by Rs 3 per litre effective immediately; check new list of rates

Petrol, diesel prices hiked: Oil companies on Friday announced a hike of Rs 3 per litre in petrol and diesel prices in Delhi, pushing fuel rates higher across major metro cities.The Centre has repeatedly asserted that there is no fuel shortage in the country and no plan to introduce rationing of petrol, diesel or LPG despite disruptions in global energy shipments linked to the Iran conflict and the Strait of Hormuz crisis.“There is no need to panic. There are sufficient supplies. There is no rationing in place. It's not going to happen,” Oil Secretary Neeraj Mittal said recently at the CII Annual Business Summit.Officials said India currently maintains around 60 days of fuel stocks and nearly 45 days of LPG inventories despite continuing volatility in global energy markets.

Petrol, diesel prices hiked today: Check city-wise list of new rates

According to news agency ANI, petrol in the national capital will now cost Rs 97.77 per litre, up from Rs 94.77, while diesel prices have risen to Rs 90.67 per litre from Rs 87.67.

The revised rates came into effect on Friday.

The increase has also pushed fuel prices above Rs 100 per litre in several cities. In Kolkata, petrol will now retail at Rs 108.74 per litre after a hike of Rs 3.29, while diesel has gone up by Rs 3.11 to Rs 95.13 per litre.In Mumbai, petrol prices have risen by Rs 3.14 to Rs 106.68 per litre, while diesel now costs Rs 93.14 per litre following an increase of Rs 3.11. Chennai also saw a sharp rise, with petrol prices climbing by Rs 2.83 to Rs 103.67 per litre and diesel rates increasing by Rs 2.86 to Rs 95.25 per litre.

India had so far avoided increases in petrol and diesel prices, choosing instead to absorb the pressure through state-run oil marketing companies (OMCs), tax adjustments and supply management measures.According to official discussions reviewed during recent government briefings, OMCs are estimated to be losing between Rs 1,000 crore and Rs 1,200 crore every day because of elevated crude prices and unchanged pump rates.Under-recoveries are estimated to have approached nearly Rs 2 lakh crore during the first quarter of 2026.India imports nearly 90 per cent of its crude oil requirements, making the economy highly vulnerable to global energy price shocks.