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New Delhi, 15 May. New rates of petrol and diesel were released across the country from Friday. In the capital Delhi, the price of petrol has been increased by Rs 3.14 per liter to Rs 97.77, while diesel has become costlier by Rs 3.11 to Rs 90.67 per liter. Meanwhile, due to the Middle East crisis, oil companies have also increased the prices of CNG. The price of CNG has increased by Rs 2 per kg since Friday. The new rate of CNG in Delhi has become Rs 79.09 per kg.

Due to the impact of supply of crude oil and gas globally, the prices of crude oil are continuously rising in the international market. This has had a direct impact on Indian oil companies and common consumers. Amid rising costs and huge losses, government oil companies have finally increased the prices of petrol and diesel. Government oil companies Indian Oil, Bharat Petroleum and Hindustan Petroleum say that they are suffering huge losses due to expensive crude oil.

Union Petroleum Minister Hardeep Singh Puri had already indicated that oil companies are incurring losses of more than Rs 1000 crore every day. He said that if retail prices are not increased, the total loss of companies in a quarter could exceed Rs 1 lakh crore. According to the Petroleum Planning and Analysis Cell, the average price of crude oil in the Indian basket has remained above $100 per barrel for the last three months. In April 2026, its average was $ 114 per barrel, while in May also the price was recorded at around $ 104 per barrel.

At the same time, earlier on Sunday, Prime Minister Narendra Modi had appealed to adopt measures like judicious use of fuel, purchase of gold and postponement of foreign trips to save foreign exchange in view of the crisis. Meanwhile, there has been a huge fall in the rupee and it has crossed the level of Rs 95 per dollar against the US dollar.

Due to the ongoing instability in the international market, further fluctuations in fuel prices may be seen in the coming days. Due to the addition of excise duty, VAT, dealer commission and other charges to the prices of petrol and diesel, there is additional burden on consumers. In such a situation, the increase in fuel prices amidst rising inflation will prove to have a direct impact on the pockets of common people.