Petrol and Diesel Prices Increased Again, Opposition Targets Centre Over Rising Inflation

 



New Delhi, May 19, 2026 — Petrol and diesel prices across India witnessed another increase on Monday, adding further pressure on household budgets and transportation costs. Oil marketing companies raised fuel prices by nearly 90 paise per litre, marking the second hike within a single week amid rising global crude oil prices and currency fluctuations.

The latest revision has pushed petrol and diesel rates to new highs in several major cities, triggering criticism from opposition parties and concerns among consumers already struggling with inflation and increasing living expenses. The fresh hike is expected to impact transportation, food delivery, logistics, and daily commuting costs across the country.

According to fuel retailers, the increase was primarily driven by higher international crude oil prices and ongoing geopolitical tensions affecting global energy markets. Industry experts stated that fluctuations in the value of the Indian rupee against the US dollar also contributed to the rise in fuel costs.

Opposition leaders strongly criticized the central government following the announcement. Several parties accused the Centre of failing to control inflation and placing additional financial burdens on middle-class and low-income families. Congress leaders launched sharp attacks during press briefings, claiming that rising fuel prices directly affect essential commodities and public transportation fares.

In many states, citizens expressed frustration over the continuous increase in fuel costs. Commercial vehicle operators, cab drivers, and small business owners warned that repeated hikes could severely impact their earnings. Transport associations in some regions also hinted at possible fare revisions if fuel prices continue to rise.

Economists noted that fuel price hikes often have a broader effect on the economy because transportation costs influence the prices of vegetables, groceries, and other daily-use products. Experts warned that sustained increases could further push retail inflation upward in the coming months.

Meanwhile, the government defended the pricing mechanism, stating that fuel rates are linked to international market conditions and are revised based on global trends. Officials also highlighted efforts to maintain stable fuel supplies despite ongoing uncertainties in global oil markets.

The issue of fuel prices has remained politically sensitive in India for years, with every increase sparking nationwide debate over taxation, subsidies, and inflation management. Analysts believe that if global crude oil prices remain high, consumers may continue facing pressure at fuel stations in the coming weeks.

As citizens adjust to the latest hike, attention now turns toward possible measures that could ease inflation and stabilize fuel prices before they affect broader economic growth and consumer spending further.