Petrol & Diesel Prices May 27: Check Latest Fuel Prices in Delhi, Mumbai, Bengaluru, Kolkata & Other Cities | Today’s news
Petrol and diesel prices remained elevated in major Indian cities on Tuesday (May 27) after state oil marketing companies introduced another round of fuel price hikes earlier this week. The latest revision marked the fourth hike in fuel prices in less than two weeks, amid rising global oil prices and continued geopolitical tensions in West Asia.
The rise pushed gasoline prices above par ₹100 per liter in several cities, including Delhi, Mumbai, Bengaluru and Hyderabad, while diesel prices also shot up.
Brent crude continued to trade near multi-month highs as markets responded to concerns about potential supply disruptions in key oil-producing regions. Global brokerages including Goldman Sachs and JP Morgan have warned that oil prices could remain volatile if geopolitical tensions persist.
Fuel prices vary from state to state due to differences in value added tax (VAT), dealer commissions and transport charges. Hyderabad remained one of the most expensive metro cities for fuel, while prices in Jaipur, Chennai and Bengaluru also remained high.
Higher fuel costs can have an impact on household budgets
Economists have warned that sustained fuel inflation could eventually increase transport and logistics costs, which may feed into broader consumer inflation. Speaking to LiveMint recently, Madhavi Arora, chief economist at Emkay Global Financial Services, said higher fuel prices could increase supply chain costs and transport costs across sectors. Madan Sabnavis, chief economist at Bank of Baroda, also noted that increased diesel prices tend to have a broader inflationary impact due to diesel’s role in transportation of goods and agriculture.
The impact is expected to be particularly significant for logistics operators, shipping companies and app-based delivery platforms where fuel is a major share of operating costs. Industry executives have indicated that any long-term increase in diesel prices could eventually translate into higher transport charges.
Meanwhile, petrol stations in parts of Maharashtra witnessed a surge in demand following the latest price hike. According to a report by The Times of India, petrol sales in Nagpur increased by 16 percent, while diesel sales increased by 19 percent compared to the usual level, leading to long queues at several gas stations across the city. State officials later clarified that fuel supplies remained sufficient and appealed to consumers to avoid unnecessary bulk purchases.
The latest increase comes at a time when households are already struggling with increased food prices and high living costs. Higher petrol and diesel prices have a direct impact on commuters, public transport operators and transport-dependent businesses, putting further pressure on monthly expenses.
Petrol and diesel prices in India are revised daily by Indian Oil, Bharat Petroleum and Hindustan Petroleum based on global reference prices and exchange rates.
