Fuel Prices Hiked amid US Iran War, Check State Wise Petrol and Diesel Prices Effective from May 15

If you are going to the petrol pump today, you need to take a halt and read this first. The petrol and diesel prices in India have been raised by Rs. 3 on 15 May 2026. Whether you are riding a two wheeler or driving a car, it's a direct hit to your wallet. Below is a complete list of what you will now be paying for petrol and diesel in your city and state. 

How Much Has the Petrol and Diesel Prices Gone Up And From When?

#WATCH | Petrol and diesel prices hiked by Rs 3 per litre - petrol rise from Rs 94.77 to Rs 97.77 per litre while diesel from Rs 87.67 to Rs 90.67 per litre in Delhi.

Visuals from a fuel station in RK Puram area of Delhi. pic.twitter.com/4Ia3koKaPc

— ANI (@ANI) May 15, 2026

The revised rates will take effect from the morning of May 15 2026 and will be applicable to all cities and states across India. This increase is linked to the increase in the price of crude oil in the world. This revision was unavoidable as oil marketing companies have been losing huge sums of money from the sale of oil as Brent crude oil went above $105 per barrel due to the conflict in West Asia.

What Are the New Petrol and Diesel Rates in Your City?

Here are the updated prices after the Rs 3 hike:

State-Wise Petrol Price in India

State Wise Diesel Price in India

Why Did the Government Hike Fuel Prices Now?

#WATCH | Assam: Fuel prices hiked by Rs 3 per litre. Visuals from a fuel pump in Guwahati.

In Guwahati, petrol price rises from Rs 98.19 per litre to Rs 101.20 per litre; diesel price rises from Rs 89.46 per litre to Rs 92.50 per litre. pic.twitter.com/xUvfXlYXKb

— ANI (@ANI) May 15, 2026

The tense global situation is the main cause of increase. Almost 85% of the crude oil consumed by India is imported and the payment is in US Dollar. As tensions in the Middle East grew, including the 2026 crisis over the Strait of Hormuz, global supply chains became more strained, and the price of Brent crude oil rose above $110 per barrel, which had a direct effect on domestic fuel prices.

Besides state owned oil companies such as IOC, BPCL and HPCL were suffering a loss of Rs 1,600-1,700 crore a day on petrol and diesel sales. This was simply not sustainable any longer.

Why Is the Price Different in Every State Even After the Same Hike?

This can be confusing for many people. The Rs 3 is a flat rate and the final price at the pump is still different from state to state. This is because the local regulations differ from one state to another, transportation costs vary and VAT (Value Added Tax) differs from state to state. The excise duty levied by the central government is uniform, whereas the state taxes differ.

This is the reason for the price difference of almost Rs 13 per litre of petrol in Hyderabad compared to that of Delhi on the same day.