Petrol, diesel prices rise again: Delhi rates near Rs 100

What changed in fuel prices on Saturday

Petrol and diesel prices were increased by up to 91 paise per litre on Saturday, marking the third hike in less than 10 days. In Delhi, petrol was raised by 87 paise per litre and diesel by 91 paise per litre, according to fuel dealers. After the revision, petrol in the national capital costs Rs 99.51 per litre. Diesel is priced at Rs 92.49 per litre. The latest move continues the sequence of increases that started earlier in May.

Delhi’s latest petrol and diesel rates

The Delhi petrol price moved from Rs 98.64 per litre to Rs 99.51 per litre, a rise of Rs 0.87. Diesel in Delhi increased from Rs 91.58 per litre to Rs 92.49 per litre, up by Rs 0.91. The changes were described as being less than Rs 1 per litre for each fuel. The increases have come close together, with multiple revisions within the month. The updated rates keep petrol just short of the Rs 100 per litre mark in Delhi.

Third hike since May 15: the sequence so far

The recent hike is the third upward revision since May 15. Prices were increased by Rs 3 per litre on May 15. This was followed by a second increase of around 90 paise per litre on May 19. Saturday’s hike of 87 paise for petrol and 91 paise for diesel adds to that sequence. In total, rates have gone up by almost Rs 5 per litre since May 15, as per the information shared by dealers.

Why state-run retailers are raising prices

The article attributes the calibrated increases to elevated energy prices linked to the conflict in West Asia. It said state-owned oil companies began passing on higher energy prices starting May 15. A Reuters report also linked the revisions to the government seeking to offset losses stemming from elevated crude oil prices amid the Iran conflict. The coverage additionally referred to supply concerns around the Strait of Hormuz as global crude prices surged. These factors together form the backdrop for why fuel retailers are revising retail prices upward.

A break from the earlier phase of stable retail pricing

Retail fuel prices had remained largely stable since April 2022, according to the report, with one notable exception. A one-time reduction of Rs 2 per litre was recorded in March 2024. The story also notes that daily fuel price revisions were halted in 2022 to protect consumers from volatility in global crude markets following Russia’s invasion of Ukraine. The current series of hikes signals a shift away from that long period of relative stability.

Key numbers at a glance

Timeline of the May increases

Market impact: what these changes typically influence

Repeated increases in petrol and diesel prices tend to be closely watched because road fuels are widely used across the economy. Higher pump prices can raise transportation and logistics costs for businesses and households. For investors tracking India’s downstream oil sector, the report’s emphasis is on the timing and frequency of revisions by state-run retailers and the ability to pass on higher crude-linked costs. The article frames the current moves as part of a calibrated pass-through of higher energy prices rather than a one-off change.

Why the story matters for India’s oil retail outlook

The key development is not just the single-day revision, but the fact that it is the third increase in less than 10 days. The report ties this trend to renewed pressure from global crude oil prices amid geopolitical tensions in West Asia, with specific references to Iran and the Strait of Hormuz. It also highlights that India had previously paused daily fuel price revisions for an extended period, making the recent sequence more notable. With petrol in Delhi at Rs 99.51 per litre and diesel at Rs 92.49, the direction of prices has become a near-term focus again.

Conclusion

Petrol and diesel prices in Delhi were raised by 87-91 paise on Saturday, taking pump prices to Rs 99.51 per litre for petrol and Rs 92.49 for diesel in the third hike since May 15. The report links the revisions to elevated crude oil and energy prices amid the West Asia conflict, following earlier increases on May 15 and May 19.