economictimes.indiatimes.com ·
petrol diesel prices today may 7 fuel rates hiked check latest rates in delhi mumbai chennai kolkata and other cities
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AI insight
AI-generatedIndia-specific retail fuel price freeze creates mounting losses for state-owned oil marketing companies (OMCs), with potential pass-through to consumers via future hikes. The Iran war context adds upward pressure on crude and LPG prices, directly impacting OMC margins and inflation. Commercial LPG price increases signal broader energy cost pass-through.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- Petrol price in Delhi: Rs 94.77/litre, diesel: Rs 87.67/litre on May 7, 2026.
- Mumbai petrol: Rs 103.50/litre, diesel: Rs 90.01/litre.
- Oil marketing companies losing Rs 14/litre on petrol and Rs 18/litre on diesel due to four-year retail freeze.
- Commercial LPG cylinder (19 kg) in Delhi rose to Rs 3,071.50, third increase since Iran war began Feb 28.
- Government sources indicate potential future hike in retail fuel prices.
India-specific inflation and fiscal pressure from fuel losses weigh on EM market sentiment.
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