In a big relief to citizens of India, petrol and diesel prices have remained steady on May 12, 2026, Tuesday, even as concerns over India's energy security are rising. After repeated appeals by Prime Minister Narendra Modi to citizens to curb fuel consumption, defer gold purchases, and foreign vacations, there is a chatter on social media that fuel rates might go up anytime soon. The declaration of election results has added more to the speculation.
Petrol and diesel prices could be hiked soon amid surging crude oil prices and escalating tensions in West Asia. The government sources have not ruled out the hike in fuel prices in the near future. The government has stated that state-run oil marketing companies (OMCs) are currently absorbing losses of nearly Rs 1,000 crore per day to shield consumers from a spike in global crude oil prices.
The conflict in the Middle East has piled pressure on India's economy, and PM Modi on Sunday urged the Indian population of 1.4 billion to reduce petrol and diesel consumption amid supply disruptions.
Petrol, Diesel price today
In Delhi, petrol is retailing at Rs 94.77 and diesel is being sold at Rs 87.67 per litre. In India's financial capital, Mumbai, you have to shell out Rs 103.54 for one litre of petrol and Rs 90.03 for one litre of diesel. Here is a look at petrol and diesel prices in Delhi, Mumbai, Kolkata, Chennai, and other metro cities:
City
Petrol Price (per litre)
Diesel Price (per litre)
New Delhi
₹94.77
₹87.67
Mumbai
₹103.54
₹90.03
Kolkata
₹105.45
₹92.02
Chennai
₹101.23
₹92.81
Bengaluru
₹102.92
₹90.99
Hyderabad
₹107.50
₹95.70
Jaipur
₹104.94
₹90.41
Patna
₹105.23
₹91.49
Lucknow
₹94.73
₹87.86
Chandigarh
₹94.30
₹82.45
Bhubaneswar
₹101.03
₹92.60
Gurgaon
₹95.30
₹87.77
Noida
₹94.85
₹87.98
Thiruvananthapuram
₹107.40
₹96.28
Ahmedabad
₹94.49
₹90.17
What is the government statement on fuel crisis?
Defence Minister Rajnath Singh on Monday chaired the 5th meeting of IGoM in Delhi to review the existing risks to energy supply chains and domestic availability of essential commodities in the wake of the conflict in West Asia. The BJP leader appealed to people to remain calm and avoid any kind of panic as the govt is taking concrete steps to prevent shortages or disruptions in supply chains.
“India has 60 days of crude oil, 60 days of natural gas and 45 days of LPG rolling stock. The foreign exchange reserves stand at a comfortable $703 billion. India is the world’s third-largest oil refiner and fourth largest exporter of petroleum products, exporting to more than 150 countries, and it is meeting domestic demand in full. But there is a huge cost being borne by the nation as international crude prices are continuing at very high levels. Fuel conservation can ease this burden,” a govt release said after the meeting.
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