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.
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%+ surge in crude costs. Inflationary pressure on transport, logistics and essential goods expected.
Why this matters
First coordinated metro-wide pump price hike by state OMCs in the current cycle, ending a prolonged freeze and transmitting global crude shock into India's retail fuel basket.
Retail-company theme steady with 253 signals in last 90 days.
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