Petrol and diesel rates hiked again, up by around 90 paise per litre in Delhi

Petrol and diesel prices have been increased by around 90 paise per litre today. As per state-run Indian Oil, petrol prices in the National Capital increased to Rs 98.64 per litre from Rs 97.77 earlier, while diesel prices rose to Rs 91.58 per litre from Rs 90.67. Rates were also increased in Mumbai, Kolkata and Chennai.

1. Petrol rate in Kolkata has gone up to Rs 109.70/litre
2. Diesel costs Rs 96.11/litre in Chennai

Notably, this is the second hike in just four days. On Friday, May 15, the government hiked petrol and diesel prices by over Rs 3 per litre to offset losses caused by rising global crude oil prices amid the US-Iran war.

Petrol and diesel prices on May 19

Current petrol rates
	New price (Rs/litre)	Old price (Rs/litre)	Difference (paise/litre)
Delhi	98.64	97.77	87
Mumbai	107.59	106.68	91
Chennai	104.49	103.67	82
Kolkata	109.70	108.74	96

The sharpest increase of 96 paise was seen in Kolkata, followed by 91 paise in Mumbai and 87 paise in Delhi. Chennai has seen the smallest increase, at 82 paise. Among these metros, petrol remains the priciest in Kolkata and cheapest in Delhi.

Current diesel rates
	New price (Rs/litre)	Old price (Rs/litre)	Difference (paise/litre)
Delhi	91.58	90.67	91
Mumbai	94.08	93.14	94
Chennai	96.11	95.25	86
Kolkata	96.07	95.13	94

Mumbai and Kolkata have recorded the highest increase in diesel prices at 94 paise per litre, followed by Delhi at 91 paise. Chennai witnessed the smallest hike of 86 paise, but it continues to have the costliest diesel among the four cities. Prices remain the lowest in Delhi.

CNG prices on May 19

Current CNG rates*
	Price (Rs/kg)
Delhi	80.09
Noida/ Greater Noida	88.70
Ghaziabad	88.70
Gurugram	85.12
Meerut	88.58
Karnal	84.43
Rewari	84.70
Kaithal	85.43
Hapur	89.70
Ajmer	89.44
Kanpur	91.42

*Indraprastha Gas Limited (IGL) prices.

At the time of writing, CNG prices have been steady since their last hike on May 17. Depending on the region, CNG rates per kg at IGL stations range between Rs 80.09 and Rs 91.42.

On Monday, Sujata Sharma, joint secretary at the Ministry of Petroleum and Natural Gas, said the May 15 hike had reduced losses by a quarter, but oil companies were still losing about Rs 750 crore a day. Research firm Crisil estimates that after the May 15 hike, losses stood at around Rs 10 per litre on petrol and Rs 13 per litre on diesel.

Speaking on fuel stock in India, the petroleum and natural gas minister, Hardeep Singh Puri, earlier said there was no shortage of petrol or diesel at the fuel stations. He also stated that India expanded crude oil sourcing from 27 countries to 41 to ensure uninterrupted supplies via routes unimpacted by the geopolitical situation.