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The Congress connected Friday (May 15, 2026) attacked the Modi authorities over the petrol and diesel terms hike, saying it is bound to pb to further ostentation and maturation estimates volition beryllium lowered considerably.
Also work | Petrol and Diesel terms hike LIVE
In a station connected X, Congress wide caput Jairam Ramesh said that with planetary lipid prices brushed oregon declining for years, the Indian National Congress had been urging that those benefits should beryllium passed connected to Indian consumers and that home prices of gas, petrol, and diesel should beryllium reduced.
That, however, did not hap and consumers were "fleeced", helium said.
"Now that planetary lipid prices are climbing up due to the fact that of the warfare successful West Asia unleashed by the PM's bully friends — the U.S. and Israel — and assembly elections are over, the Modi Government has accrued petrol and diesel prices aft having hiked commercialized LPG prices earlier.
"This is bound to pb to further ostentation that is present projected to beryllium adjacent to 6% for this fiscal year. Growth estimates volition beryllium lowered considerably," Mr. Ramesh said.
Petrol and diesel prices were hiked by ₹3 per litre each connected Friday (May 15, 2026), the archetypal complaint summation successful much than 4 years, amid mounting losses of substance retailers owed to surging planetary crude prices.
The summation comes 16 days aft Assembly elections concluded successful Assam, Kerala, Tamil Nadu and West Bengal. Fuel prices had remained unchanged done the polling play contempt a crisp emergence successful planetary lipid prices triggered by the West Asia conflict.
Petrol terms was hiked to ₹97.77 per litre from ₹94.77 successful the nationalist capital. Diesel present costs ₹90.67 arsenic against ₹87.67 per litre previously, according to manufacture sources.
Prices person remained frozen since April 2022 but for a one-off simplification by Rs 2 a litre each connected petrol and diesel successful March 2024, conscionable earlier Lok Sabha elections. Rates were past hiked successful April 2022.
For years erstwhile planetary lipid prices were brushed oregon declining, the Indian National Congress had been urging that those benefits should beryllium passed connected to Indian consumers and that home prices of gas, petrol, and diesel should beryllium reduced. That, however, did not hap and…
— Jairam Ramesh (@Jairam_Ramesh) May 15, 2026Petrol successful Mumbai present costs ₹106.68 a litre and diesel comes for ₹93.14 per litre. In Kolkata, petrol present costs ₹108.74 per litre and diesel ₹95.13, portion successful Chennai, prices accrued to ₹103.67 for petrol and ₹95.25 for diesel.
Rates alteration crossed States owed to differences successful value-added tax.
Although substance prices are officially deregulated, revisions are often influenced by governmental considerations.
