Petrol and diesel prices remained unchanged across major Indian cities on June 16, 2026, offering some respite to consumers after a series of sharp fuel price increases in recent weeks. Oil marketing companies (OMCs) kept retail fuel rates steady despite continued volatility in global crude oil markets and ongoing geopolitical tensions impacting energy supplies.
Fuel prices witnessed a significant hike in May, with petrol and diesel rates increasing by more than ?2.50 per litre on May 25. Since mid-May, cumulative revisions have pushed retail fuel prices higher by nearly ?7.50 per litre, taking fuel costs to their highest levels in more than two years.
