Petrol Prices

Petrol, diesel prices today, 21 May: Fuel rates across India remain steady today after prices were increased by up to 90 paise per litre on Tuesday, marking the second hike in less than a week amid elevated global crude oil prices.

Brent trades near $111 as Donald Trump sends mixed signals on Iran. With Strait of Hormuz disruption squeezing supplies, India raises petrol and diesel prices for the second time in a week.

Petrol and diesel prices across India remain broadly steady today after prices were increased by up to 90 paise per litre on Tuesday, marking the second hike in less than a week amid elevated global crude oil prices.

The latest revision follows a steep ₹3 per litre hike last Friday, as oil companies pass on higher costs triggered by global supply shocks and the West Asia crisis. The resulting inflationary pressure is likely to weigh on economic growth estimates, experts warned.

BPCL Q4 results 2026 LIVE: Ahead of the earnings announcement, oil PSU stock traded in the green. BPCL share price rose almost 3% to the day's high of ₹289.55 on the BSE.

Petrol, Diesel Price Highlights: Petrol and diesel prices were hiked again across major Indian cities on May 20, with rates rising by up to 90 paise per litre. The latest increase has pushed fuel prices higher in Delhi, Mumbai, Bengaluru and Kolkata. Track Petrol, Diesel Price LIVE Updates.

Petrol and diesel prices increased by ₹3 per litre, the first rise in over four years, due to global crude price surges linked to the Iran war. CNG prices also rose by ₹2 per kg in major cities like Delhi and Mumbai.

Another ₹2-4 jump is anticipated shortly if oil costs stay elevated, according to a Bloomberg report.

Petrol and diesel price hike offers some relief to OMCs, but analysts believe it is insufficient to fully offset the massive under-recoveries accumulated over the past few years. OMCs are estimated to be incurring losses of around ₹20 per litre on petrol and nearly ₹100 per litre on diesel.