Fuel Price Hike 2026: Petrol Crosses ₹100 in Delhi as Diesel Prices Rise Again for Fourth Time in Two Weeks
India witnessed another sharp rise in fuel prices on Monday as petrol and diesel rates were increased for the fourth time within two weeks, putting additional pressure on households, transport operators, and businesses across the country.
According to oil marketing companies, petrol prices were raised by ₹2.61 per litre while diesel prices saw an increase of ₹2.71 per litre. The latest revision has pushed petrol prices in Delhi beyond the ₹100 mark once again, triggering concerns over inflation and rising daily expenses.
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Petrol and Diesel Rates Rise Across Major Cities
After the latest hike, fuel prices in major Indian cities have increased significantly. Petrol in Delhi now costs around ₹102.12 per litre, while diesel has reached nearly ₹95.20 per litre. Similar hikes were recorded in Mumbai, Kolkata, Chennai, and other metropolitan cities.
The repeated hikes have increased the cumulative rise in fuel prices to more than ₹7.5 per litre in less than two weeks. Analysts say the sharp increase is beginning to affect transportation costs, logistics, and prices of daily essentials such as vegetables, milk, groceries, and public transport.
Why Are Fuel Prices Increasing in India?
The latest increase in petrol and diesel prices comes amid rising global crude oil prices and geopolitical tensions in the Middle East. Reports indicate that disruptions linked to the Iran conflict and concerns surrounding the Strait of Hormuz have affected global oil supply chains, leading to higher import costs for countries like India.
According to reports, Indian oil marketing companies had continued selling fuel at older rates for several weeks despite purchasing crude oil at significantly higher prices. However, mounting losses reportedly forced companies to revise fuel prices multiple times in recent days.
Industry experts believe the weakening Indian rupee and elevated international crude prices are further increasing pressure on fuel retailers and consumers alike.
Impact on Common People Expected to Increase
Economists warn that the continuous rise in fuel prices may directly impact inflation in the coming weeks. Since diesel is heavily used in transportation and agriculture, higher diesel prices often lead to an increase in the cost of essential commodities and services.
Transport operators, taxi drivers, delivery services, and small business owners are likely to face higher operational costs. Public transport fares may also witness revisions if fuel prices continue to rise.
Experts say the hikes could slow consumer spending and affect economic recovery, especially for middle-class and lower-income households already dealing with rising living expenses.
Fuel Prices Had Remained Stable for Years
Fuel prices in India had largely remained unchanged since 2022, with occasional reductions announced before major elections. However, the recent global energy crisis and international tensions have led to fresh upward revisions after a long gap.
The government and oil companies are expected to closely monitor global crude oil markets in the coming weeks before deciding on further price adjustments.
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