IOC, BPCL, HPCL hike petrol, diesel by Rs 3/litre across metros as crude surges 50%
State-owned fuel retailers raised pump prices on May 15, 2026, with Delhi petrol at Rs 97.77 and diesel at Rs 90.67. Mumbai petrol hits Rs 106.68, Kolkata Rs 108.74, Chennai Rs 103.67. Partial pass-through of crude basket at USD 113-114/bbl signals inflationary pressure on logistics and essentials.
What happened
Indian Oil Corporation · State-owned IOC, BPCL and HPCL raised petrol and diesel prices by Rs 3/litre across metros on May 15, 2026, partially passing on a 50%+
Key facts
- Rs 3/litre hike
- Delhi petrol Rs 97.77
- Delhi diesel Rs 90.67
- Mumbai petrol Rs 106.68
- Kolkata petrol Rs 108.74
- Chennai petrol Rs 103.67
- crude basket USD 113-114/bbl
- +50% crude rise
Why this matters
Sustained fuel inflation strengthens the case for acquiring EV-logistics, route-optimization, or fuel-hedging capabilities, and reopens conversations with distressed transport-heavy targets seeking strategic cover.
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