Fuel prices in India rise by ₹3 per liter
NewsBytes | May 16, 2026 9:39 AM CST
Oil companies still losing money
This jump comes after global crude oil prices shot up (from $73 to $118 a barrel) and the rupee took a hit against the dollar, making imports more expensive.
Even with these price hikes, oil companies are still losing money on every liter sold: about ₹10 to ₹12 on gasoline and nearly ₹40 on diesel.
The government has added a windfall tax on gasoline exports but eased some levies elsewhere to keep supplies steady.
Not surprisingly, opposition leaders say this move hurts regular folks, while the ruling party argues it's needed given global pressure.
READ NEXT
-
Sanam Saeed’s look and honor at Cannes Film Festival

-
“It is very easy to ask for resignation but..” Anil Vij’s befitting reply to Rahul Gandhi in NEET paper leak case, know what he said

-
Can you tell these three different types of carp apart?

-
Sanam Saeed shines at Cannes in show-stopping global debut

-
Two Books Written In The 1800s Talk About Donald Trump & Son Barron
