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Business Desk – Petrol Price Hike 2026: Today, on May 25, oil companies have made petrol costlier by Rs 2.61 per liter and diesel by Rs 2.71 per liter. After this increase, now the price of one liter petrol in Delhi has become Rs 102.12 and the price of diesel has become Rs 95.20. There has been a huge increase in the prices of petrol and diesel continuously in the last 11 days. During this period, petrol has become costlier by Rs 7.40 per liter and diesel by Rs 7.52 per liter.

On May 15, the prices of both petrol and diesel were increased by Rs 3 per liter. After this, on May 19, the prices of both the fuels increased by 90-90 paise per liter. Then on May 23, petrol became costlier by 87 paise and diesel by 91 paise per litre.

The biggest increase was seen on May 25, when the prices of petrol were increased by Rs 2.61 per liter and diesel by Rs 2.71 per liter. After continuously increasing prices, now petrol in Delhi has reached Rs 102.12 per liter and diesel Rs 95.20 per liter.

New prices of petrol in all four metros

New prices of petrol have been implemented in four big metros of the country. After the recent increase, the most expensive petrol is being sold in Kolkata, where the price has reached Rs 113.51 per liter. Here the price of petrol has increased by Rs 2.87 per liter.

Petrol in the capital Delhi has now become Rs 102.12 per liter. Here an increase of Rs 2.61 per liter was recorded in prices. Whereas in Mumbai, petrol has reached Rs 111.21 per liter, where there was an increase of Rs 2.72 per liter.

Petrol has also become expensive in Chennai, the major city of South India. Here the new price has become Rs 107.77 per liter and an increase of Rs 2.46 per liter has been registered. The effect of continuously rising prices is clearly visible on the pockets of common people.

Rise in Asian and American markets

A spectacular rise was seen in the Asian stock markets on Monday. South Korea’s Kospi index was seen trading at the level of 7848 with an increase of 32 points or 0.41%. At the same time, Japan’s Nikkei index reached the level of 65226 with an increase of 1887 points or 2.98%. Hong Kong’s Hang Seng index was also seen trading at the level of 25606, rising by 220 points or 0.86%.

Earlier on May 22, strength was also recorded in the American markets. Dow Jones rose 294 points or 0.58% and closed at 50580. The tech-based Nasdaq index increased by 51 points or 0.19% to reach the level of 26344. Whereas the S&P 500 index closed at the level of 7473 with a rise of 28 points or 0.37%.

Market excited by Iran-US peace agreement

The biggest reason for the rise in the market is considered to be the possible peace agreement between Iran and America. US President Donald Trump had recently claimed that the agreement to end the war with Iran has almost reached the final stage. He said that work is going on on the final details between the two countries and this agreement can be finalized after talks with the leaders of the Gulf countries and the Israeli Prime Minister.

Trump also said that the Strait of Hormuz will be reopened under the agreement. It is considered to be the world’s most important maritime oil route, through which about 20% of the global oil supply passes. In such a situation, if this route opens normally then a fall in crude oil prices may be seen.

Prices of other things may also increase

Now the cost of petrol and diesel can affect everyday things also. Due to increase in truck and tempo fares, vegetables, fruits and ration coming from other states may become expensive. The cost of farming will also increase. Farmers will have to spend more to run tractors and pumping sets, which may increase the prices of grains and other agricultural products. Apart from this, there may also be an increase in the fares of bus, auto and school vehicles.

How are the prices of petrol and diesel decided?

Fuel prices in the country are decided based on the prices of crude oil in the international market and the position of the rupee against the dollar. Government oil companies update new rates every day at 6 am under ‘Daily Price Revision’. India imports about 90% of its crude oil requirement from abroad. The increase in the price of crude oil in the international market has a direct impact on the prices of petrol and diesel.

Crude oil is purified in refineries to make petrol and diesel. After this the central government imposes excise duty and road cess. Then dealer commission is added and finally the state governments impose VAT or local tax as per their discretion. This is the reason why prices of petrol and diesel differ in different cities like Delhi, Mumbai, Kolkata and Chennai.