Petrol, diesel prices hiked again.

23-May-2026

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Petrol and diesel prices were hiked again across India on May 23, with petrol increasing by Rs 0.87 per litre and diesel by Rs 0.91 per litre. This marks the third upward revision in retail fuel rates this month by the state-owned oil companies amid sustained pressure from rising global crude oil prices and geopolitical tensions in West Asia.

The hike comes a day after the Ministry of Petroleum and Natural Gas had assured that, despite rumours, India has adequate petrol and diesel supplies.

"India has adequate availability of petrol and diesel supplies across the country continue to remain stable. Citizens are advised to avoid panic buying and purchase fuel only as per actual requirement. Temporary pressure at some retail outlets is being addressed through continuous supply monitoring and coordinated distribution efforts by Oil Marketing Companies," read a tweet by the ministry.