Speaking about the hike in fuel prices, Arvind Kumar, Director (Refineries), IOCL, told ANI that amid global pressures, “it is a very small rise.” “It’s a very small rise, and you know a lot of pressure is there. But I can tell you that Indian Oils Group companies, 10 refineries are working round the clock and more than 100% capacity so that there will be no crisis, no dry out at any of our retail outlets….let us come together to save fuel and in this emergency time and this critical time,” Mr. Kumar said.
Earlier in the day, amid pressure on fuel supplies due to the conflict in West Asia and related concerns over under-recoveries, oil-marketing companies on Friday (May 15, 2026) morning hiked petrol and diesel prices by ₹3 across all variants.
That is, the latest price hikes apply to both the regular petrol and diesel variants and the premium and high-octane products. Effectively, the price of the regular variant of petrol is now ₹97.77 per litre in Delhi, while that of diesel is ₹90.67 per litre. This was previously priced at ₹94.77 per litre and ₹87.67 per litre, respectively.
Petrol prices in Rajasthan’s Jaipur rose to ₹107.97 per litre, and diesel prices climbed to ₹93.23 per litre on Friday (May 15, 2026) after the Centre hiked fuel prices by ₹3 per litre across the country amid the ongoing global energy crisis triggered by the West Asia conflict.
