Will petrol and diesel prices really increase by ₹15-₹25 in India after 15 May?

Fuel price hikes in India are looking increasingly likely as global crude oil prices continue to surge due to tensions in West Asia and disruptions around major oil routes like the Strait of Hormuz. Experts say oil marketing companies are currently absorbing massive losses, making it difficult to keep prices unchanged for much longer.

Reports suggest the government may start with gradual hikes of ₹2–₹5 per litre, but if crude prices remain high, the total increase could eventually touch ₹15–₹25.

The biggest concern is inflation. Higher fuel prices can increase transportation costs, which directly affects food, vegetables, milk, and everyday essentials.