www.businesstoday.in ·
petrol diesel prices today may 16 check prices in delhi mumbai kolkata chennai hyderabad 531805 2026 05 16
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AI insight
AI-generatedThe article reports stable retail fuel prices in India after a ₹3/litre hike, with no new commercial mechanism. The channel is fx_passthrough (rupee-dollar) and input_cost (crude oil). Impact is India-specific, affecting consumer fuel spending and margins of oil marketing companies. No scarcity or supply disruption is indicated.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- Fuel prices in India remained stable on May 16, 2026, after a recent increase of ₹3 per litre.
- Delhi petrol: ₹97.77/litre, diesel: ₹90.67/litre; Mumbai petrol: ₹106.68/litre, diesel: ₹93.14/litre.
- Prices influenced by global crude oil rates, rupee-dollar exchange rate, and local taxes.
Indian fuel demand steady; global crude supply/demand balanced, no margin pressure.
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Sector impact at a glance
- COMMODITY_OILmid
- COMMODITY_OILshort
- CONSUMER_STAPLESshort
- EM_MARKETSshort