‘Hike cycle is unlikely to end soon’: Experts as petrol, diesel prices increased for third time in 10 days
Petrol and diesel prices have increased for the third time in ten days, with a cumulative rise of nearly ₹5 per litre since May 15. Industry experts suggest that this cycle of price hikes is unlikely to end soon, as oil marketing companies continue to face significant losses. The Congress party has criticized the government for not absorbing these costs and passing them onto consumers instead.
- ▪State-run oil companies raised petrol and diesel prices by nearly ₹1 per litre each on Saturday.
- ▪Despite three price revisions, oil marketing companies are estimated to still be losing ₹8–10 per litre on petrol and diesel.
- ▪The Congress party has demanded that the government absorb the fuel price increases rather than passing them on to consumers.
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‘Hike cycle is unlikely to end soon’: Experts as petrol, diesel prices increased for third time in 10 daysDespite three revisions, oil marketing companies are estimated to still be losing ₹8–10 per litre on petrol and diesel.Updated on: May 24, 2026 6:26 AM ISTBy Rajeev JayaswalShare viaCopy link State-run oil companies raised petrol and diesel prices by nearly ₹1 per litre each on Saturday — the third increase in eight days — taking the cumulative revision to just under ₹5 per litre since May 15, even as international crude has eased from its peak.
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