Download the app
App StorePlay Store
Beige
Login
← All tags

diesel prices

Revanth Reddy demands Modi rollback petrol diesel hike after election results within days over Rs 3

Revanth Reddy demands Modi rollback petrol diesel hike after election results within days over Rs 3

Telangana Chief Minister A Revanth Reddy has demanded the Centre roll back a recent increase in petrol and diesel prices, calling it unjustifiable and damaging to multiple sectors. In an X post, he said the justification tied to the US-Iran war amounts to breaking the backbone of the common man. Reddy claimed the government promised before elections in four states and one Union Territory that prices would not rise, yet increased them by more than Rs 3 within days.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Petrol Diesel Rates Jump Again Here’s How Long India’s Oil Shock Usually Lasts

Petrol Diesel Rates Jump Again Here’s How Long India’s Oil Shock Usually Lasts

Bank of Baroda economist Dipanwita Mazumdar says India’s current petrol and diesel pain is likely tied to how crude shocks historically play out. She notes crude prices have risen 39.7% during the current global crunch, and when crude surges sharply, the “high” typically lasts only 6–7 months. Looking back over 54 years, she found major crude jumps—over 20% in a year—occurred in 18 instances. The latest hikes, ending a four-year revision freeze, add urgency amid rising imports.

Summarised by Beize from a story on Republic on 15 May 2026

Your news, in seconds

App StorePlay Store
Petrol diesel prices jump Rs 3 per litre as economists warn of gradual cost-of-living ripple

Petrol diesel prices jump Rs 3 per litre as economists warn of gradual cost-of-living ripple

India’s state-run oil marketing companies raised petrol and diesel prices by roughly ₹3 per litre on Friday, the first increase in over four years. In Delhi, petrol climbed to ₹97.77 and diesel to ₹90.67 per litre. Economists say the move was expected as global crude prices surged amid the West Asia conflict and supply disruptions around the Strait of Hormuz. They caution that while the immediate inflation hit may be limited, higher transport and logistics costs could gradually raise prices of everyday goods.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Kharge slams fuel hike as leadership failure, says diesel triggers cascading inflation on households and farmers

Kharge slams fuel hike as leadership failure, says diesel triggers cascading inflation on households and farmers

Congress president Mallikarjun Kharge attacked the Centre over Friday’s petrol and diesel price increase, calling it a “Modi-government-made crisis” driven by “leadership crisis” and lack of vision. He argued that diesel price rises create a cascading inflation effect reaching industries, household budgets and farmers, while also questioning India’s energy strategy and foreign-policy handling amid the West Asia conflict. Kharge cited reports about Russia oil waivers requiring US “allow/permission”, contrasting it with Rijiju’s defense.

Summarised by Beize from a story on The Economic Times on 15 May 2026
DK Shivakumar calls petrol diesel hike Modi’s gift and says Indians can’t be told to curb spending

DK Shivakumar calls petrol diesel hike Modi’s gift and says Indians can’t be told to curb spending

Karnataka Deputy Chief Minister DK Shivakumar attacked Prime Minister Narendra Modi over measures asking citizens to save fuel and delay gold purchases, calling the petrol and diesel price hike a “gift” in a “tragic situation.” He said such appeals are unrealistic because people earn and live their lives accordingly. Prices rose Rs 3 per litre for both fuels on Friday—the first increase in over four years—amid retailer losses tied to global crude costs after the West Asia conflict.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Petrol Diesel Under-Recoveries Could Force Another Rs 11 Hike Says Analyst Yogesh Patil

Petrol Diesel Under-Recoveries Could Force Another Rs 11 Hike Says Analyst Yogesh Patil

India’s oil marketing companies got a small cushion as petrol and diesel prices rose by Rs 3 per litre, but analysts say it barely covers the daily bleed caused by volatile, elevated crude costs. Energy analyst Yogesh Patil estimates the move cuts losses by about Rs 141 crore per day, yet under-recoveries will persist unless prices rise another Rs 11 per litre. The government appears to be using gradual hikes to control inflation while protecting retailer finances.

Summarised by Beize from a story on The Economic Times on 15 May 2026

Never miss a story

App StorePlay Store
HPCL BPCL IOC slump as petrol diesel jump by Rs 3 amid Strait of Hormuz disruption

HPCL BPCL IOC slump as petrol diesel jump by Rs 3 amid Strait of Hormuz disruption

Oil marketing companies like HPCL, BPCL and IOC came under pressure even after the Centre raised petrol and diesel prices by up to Rs 3 per litre from immediate effect. The hike, aimed at easing OMCs that have been absorbing losses from elevated global crude rates, followed prolonged disruptions in the Strait of Hormuz and the wider West Asia energy crisis. Despite the adjustment, shares fell as much as 3% on Friday, while petrol crossed Rs 97 in Delhi and surged higher in Kolkata.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Petrol Diesel Prices Jump by Rs 3 as West Asia Tension Lifts Global Crude Costs

Petrol Diesel Prices Jump by Rs 3 as West Asia Tension Lifts Global Crude Costs

Petrol and diesel prices were increased by Rs 3 per litre in India after days of anticipation, driven by rising global crude oil costs linked to conflict in West Asia. In Delhi, petrol rose from Rs 94.77 to Rs 97.77, while diesel increased from Rs 87.67 to Rs 90.67. Metro prices also climbed, with Kolkata, Mumbai, and Chennai seeing petrol gains and diesel hikes. The update follows government claims of heavy under-recovery losses amid frozen domestic retail rates.

Summarised by Beize from a story on Republic on 15 May 2026
RBI warns India could see petrol diesel hikes soon if Middle East turmoil continues

RBI warns India could see petrol diesel hikes soon if Middle East turmoil continues

RBI Governor Sanjay Malhotra said India may face retail petrol and diesel price hikes if the Middle East conflict persists. Higher energy import costs and inflation risks could force adjustments even as the government cuts duties and state refiners absorb losses. Prime Minister Modi has urged fuel conservation, while oil companies struggle to keep current prices.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Petrol Diesel Prices Today May 13 Retailers Face Crushing Losses of Over Rs 1000 Crore Daily

Petrol Diesel Prices Today May 13 Retailers Face Crushing Losses of Over Rs 1000 Crore Daily

Petrol and diesel prices today remain unchanged despite the West Asia crisis, but Petroleum Minister Hardeep Singh Puri warned that oil companies are logging daily losses exceeding Rs 1,000 crore. Retailers, squeezed by these pressures, may force the government to take a call on price hikes soon, even as prices at the pump have held steady.

Summarised by Beize from a story on The Economic Times on 13 May 2026

Reading on mobile?

App StorePlay Store
Petrol Diesel Prices Today Stable in Most Cities as Next Week Hike Rumours Spread

Petrol Diesel Prices Today Stable in Most Cities as Next Week Hike Rumours Spread

Petrol and diesel prices stayed steady across most major Indian cities on Saturday even as global crude oil firmed up amid geopolitical tensions. Oil marketing companies and the government have been absorbing higher costs for over two months to avoid retail hikes, but the cushion is reportedly running thin. Watch Delhi, Mumbai and Gurugram for what comes next week.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Oil PSUs bleed 30000 crore monthly as fuel prices lag global rates and stocks slide

Oil PSUs bleed 30000 crore monthly as fuel prices lag global rates and stocks slide

Indian oil PSUs are reportedly losing about ₹30,000 crore every month on petrol, diesel and LPG as international fuel prices rise sharply. Some retail prices have been adjusted, but regular petrol and diesel rates remain unchanged, keeping under-recoveries high. Indian Oil, HPCL and BPCL face pressure on earnings, and their shares have fallen.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Petrol Diesel Set to Jump ₹5 to ₹7 a Litre by May 15

Petrol Diesel Set to Jump ₹5 to ₹7 a Litre by May 15

Petrol and diesel prices may rise by ₹5 to ₹7 per litre nationwide by May 15, sources say. The expected increase follows a global crude oil price uptick and mounting pressure on domestic oil marketing companies to bring retail rates in line with international benchmarks. An LPG price revision could also be considered, adding to household cost concerns.

Summarised by Beize from a story on Republic on 8 May 2026
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play