www.hindustantimes.com ·
Petrol and Diesel Prices Hiked by Nearly 90 Paise Litre Check New Rates for Delhi Mumbai Kolkata Chennai Bangalore
Topic context
This topic has been covered 363960 times in the last 30 days across our monitored publishers.
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AI insight
AI-generatedState-run oil marketing companies in India (IOCL, BPCL, HPCL) have raised petrol and diesel prices by ~90 paise/litre across major cities, following a ₹3/litre hike last week. The channel is regulatory/pricing pass-through: companies are still losing ₹750 crore/day on fuel sales, indicating incomplete pass-through of crude costs. This directly impacts Indian fuel consumers (transportation, logistics, households) and squeezes margins for OMCs. The mechanism is fx_passthrough (crude import costs in INR) and regulatory (administered pricing). Impact is India-specific (EM_MARKETS).
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- Petrol and diesel prices hiked by nearly 90 paise per litre across major Indian metros on May 19, 2026.
- Petrol in Delhi now ₹98.64/litre; Mumbai ₹107.59; Kolkata ₹109.70; Chennai ₹104.49.
- Diesel in Delhi now ₹91.58/litre; Mumbai ₹94.08; Kolkata ₹96.07; Chennai ₹96.11.
- Oil marketing companies still losing approx ₹750 crore per day on fuel sales.
- This follows a ₹3/litre hike the previous week.
Further price hikes likely to narrow OMC losses; margin recovery of 2-4% over 2-4 weeks.
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Sector impact at a glance
- CONSUMER_DISCRETIONARYmid
- CONSUMER_DISCRETIONARYshort
- EM_ENERGYmid
- EM_ENERGYshort
- EM_MARKETSmid
- EM_MARKETSshort
