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The Latest Breaking News from Petrol

Government makes U-turn on Russian oil as petrol prices hit record high

IN FULL

The Independent UK

Petrol, Diesel prices today on May 20: Check fuel rates in Delhi, Mumbai, Chennai, Kolkata and other metro cities

Petrol, Diesel prices today: Fuel prices remained steady on Wednesday after recent hikes, with petrol and diesel rates seeing an increase of up to 90 paise per litre. Global crude markets are on edge due to geopolitical tensions. Hyderabad recorded the highest petrol price at Rs 111.84 per litre, while…

The Economic Times

What India’s new E22 to E30 Petrol variants mean for fuel prices, vehicles and ethanol use

India has launched new fuel standards for petrol with higher ethanol content, including E22, E25, E27, and E30. This move supports the nation's ethanol blending program. The Bureau of Indian Standards announced the new specification, IS 19850:2026. This development follows the successful E20 program and aims to reduce oil imports,…

The Economic Times

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Bharat Petroleum reviewing oil imports daily, spot buying more amid Iran war, chairman says

India's Bharat Petroleum is increasing spot crude purchases due to Middle East supply disruptions from the U.S.-Iran conflict, impacting its import strategy. The state-run refiner is running at 115% capacity, with Russian oil discounts narrowing significantly. Despite recent price hikes, BPCL continues to face losses on diesel and petrol sales.

The Economic Times

Petrol prices reach new high as drivers warned of more rises to come

IN FULL

The Independent UK

Skoda produces its most affordable EV to date – and it’s Epiq

The all-electric city SUV crossover starts from £24,950, matching its petrol equivalent

India's inflation puzzle: How will fuel price play out

India's inflation debate intensifies as wholesale prices surge, driven by fuel costs, while retail inflation remains subdued. A recent fuel price hike is expected to push retail inflation higher, impacting household budgets. The RBI will closely monitor global crude prices, monsoon impact, and the pass-through of wholesale to retail inflation…

The Economic Times

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UK petrol prices hit new record high amid Iran oil crisis

The average price of a litre of petrol is the most expensive it’s been since December 2022

The Independent UK

Petrol prices reach highest level of Iran oil crisis

The average price of a litre of petrol in the UK now stands at 158.5p, according to the RAC.

Evening Standard

Kotak warns of massive fuel under-recoveries despite recent Rs 3/litre price hike

Fuel prices in India could see a significant increase. State-run oil companies may have to raise petrol and diesel rates further if crude oil prices stay high. This is due to ongoing disruptions in the Strait of Hormuz. Even after a recent small hike, refiners face substantial under-recoveries. Further price…

The Economic Times

India's fuel price hike among world's lowest outside Gulf nations: BJP

Fuel prices saw a hike of about 90 paise per litre. The BJP stated this increase is among the lowest globally. State-run oil firms absorbed significant losses for 76 days before passing on some costs. Global crude prices surged due to the West Asia conflict. India's fuel price rise remains…

The Economic Times

Petrol, diesel’s second price hike in 5 days leaves common man concerned about price burden

Petrol and diesel increased by approximately 90 paise per litre across India. Citizens expressed widespread disappointment, highlighting the severe impact on the common man and middle-class families struggling with rising inflation. Drivers and daily wage earners voiced concerns about their ability to sustain their livelihoods amidst escalating costs.

The Economic Times

Petrol, diesel price hike impact: HPCL, BPCL & IOC shares jump 2% each. What lies ahead for the OMCs?

Oil marketing companies like HPCL, BPCL, and IOC saw a 2% share increase following a second petrol and diesel price hike in under a week, with prices rising by approximately 90 paise per litre. This move aims to alleviate financial pressure on OMCs amid elevated global crude prices and geopolitical…

The Economic Times

Petrol, Diesel prices increased by 90 paise per litre after 3-rupee hike. Check fuel rates in Delhi, Mumbai, Kolkata and other cities

Petrol, Diesel prices today: Fuel prices have seen another surge, with petrol and diesel rates increasing by approximately 90 paise per litre. This marks the second hike in under a week, pushing petrol prices in Delhi to Rs 98.64 and diesel to Rs 91.58. The hike in fuel prices comes…

The Economic Times

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The Economic Times

Petrol, diesel prices hiked for second time in a week; rates increased by nearly 90 paise

Petrol prices today: Petrol and diesel prices were raised by about 90 paise per litre on Tuesday, marking the second hike in less than a week after a Rs 3 per litre increase on Friday.

The Economic Times

Rs 3 a litre fuel price hike cuts losses by 25 per cent; daily loss drops to Rs 750 crore

In a noteworthy shift, Indian oil corporations have curtailed daily losses by almost 25% thanks to a Rs 3 per litre increase in petrol and diesel prices. Nevertheless, ongoing global crude oil fluctuation and a depreciating rupee mean that fuel prices still linger below production costs. Currently, there are no…

The Economic Times

Haryana cabinet approves new rules: No petrol, diesel vehicles for cab aggregators in NCR

Haryana's Cabinet has approved new rules for vehicle aggregators. From January 1, 2026, all new vehicles joining fleets in NCR areas must be electric, CNG, or use cleaner fuels. This aims to reduce pollution and promote green mobility. The rules also introduce licensing, safety measures, and insurance for drivers and…

The Economic Times

Baba Vanga fuel price prophecy: Did Bulgarian mystic predict Iran war & rising petrol, diesel, CNG and LPG prices? Here’s what she said

Amidst rising global tensions and concerns over fuel prices, viral claims linking Baba Vanga's alleged 2026 predictions to economic chaos are circulating. However, there is no verified evidence of her specifically foreseeing fuel price hikes. The current anxieties are more a reflection of real-world geopolitical impacts on oil markets than…

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The Economic Times

Congress president Mallikarjun Kharge slams Modi govt, says it failed to foresee inflation and price rise

Mallikarjun Kharge criticized the government for delaying price hikes until after assembly elections, alleging that economic realities were hidden from the public. He pointed to recent increases in CNG, petrol, and diesel prices, and accused the BJP government and Prime Minister Narendra Modi of lacking foresight amid rising inflation.

The Economic Times

Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily loss

Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL). Brokerages including Nomura and Elara Capital warn further fuel price hikes…

The Economic Times

Petrol, Diesel prices hiked again as brent crude rises above $110 barrel? Check fuel rates in Delhi, Mumbai, Chennai and other cities today

Petrol, Diesel prices today: Petrol and diesel prices remained steady on Monday after a recent Rs 3 per litre hike, with further increases anticipated due to rising global oil prices. This surge, driven by Middle East conflict and US-Iran tensions, is pressuring India's foreign exchange reserves as the nation imports…

The Economic Times

WPI inflation crossing 10% mark not a tail risk but a near-term base case: Report

The recent Rs 3 hike in petrol and diesel prices, announced after the Prime Minister's national exhortation for austerity, was widely anticipated, according to a research report by Systematix. It stated that the hike is almost "certainly the beginning of a series of hikes, not the end of one."

The Economic Times

Andhra Pradesh: YSRCP to hold statewide protests on May 18 over fuel price hike

The Yuvajana Sramika Rythu Congress Party will hold statewide protests on May 18. This action is a response to the significant increase in petrol and diesel prices in Andhra Pradesh. Party leaders accuse the current government of increasing the burden on citizens. The protests aim to highlight the struggles faced…

The Economic Times

CNG prices hiked again: Delhi rates cross Rs 80/kg for first time; check latest rates in your city

Delhi commuters face higher fuel costs as Indraprastha Gas Limited (IGL) increased CNG prices by Re 1 per kg, pushing the rate to Rs 80.09. This follows a Rs 2 hike just 48 hours prior. The consecutive increases, alongside recent petrol and diesel price hikes, are attributed to global energy…

The Economic Times

Is petrol cheaper in Bhutan than India? Here’s the truth

A viral social media video falsely claims petrol is cheaper in Bhutan than in India. The Press Information Bureau (PIB) has debunked this, stating the video is old and shared out of context to spread misinformation. Recent fuel price hikes in India and comparisons with neighboring countries highlight the misleading…

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