Brief by Shorts91 Newsdesk / 03:47am on 15 May 2026,Friday Business
India raised petrol and diesel prices by Rs 3 per litre nationwide on Friday as surging global crude oil prices linked to the ongoing West Asia conflict intensified pressure on state-run oil companies. In New Delhi, petrol now costs Rs 97.77 per litre and diesel Rs 90.67, while CNG prices increased by Rs 2 per kg to Rs 87. Fuel rates also climbed sharply across Mumbai, Kolkata and Chennai. State-owned fuel retailers had maintained stable prices for nearly 11 weeks despite mounting losses, but crude prices nearing $114 per barrel forced a partial pass-through. Long queues formed at petrol pumps nationwide amid fears of steeper hikes. (PC: India Today)
