Fuel prices saw a third consecutive rise as prices of petrol and diesel went up by Rs. 2.58 and Rs. 2.26 respectively. With the new hike, petrol will cost Rs. 65.60 per litre while diesel will now cost Rs. 53.93 per litre in Delhi with effect from 31st May midnight. On the previous occasion, petrol and diesel price saw a rise of Rs. 0.83 and Rs. 1.26 respectively.
Indian Oil Corporation issued a statement which said that the current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant increase in price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision. The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.
Following are the city-wise prices for petrol and diesel:
Petrol
| Cities | Old Prices | New Prices |
| Delhi | 63.02 | 65.60 |
| Mumbai | 66.12 | 70.18 |
| Kolkata | 66.44 | 68.46 |
| Chennai | 62.47 | 65.04 |
Diesel
| Cities | Old Prices | New Prices |
| Delhi | 51.67 | 53.93 |
| Mumbai | 56.81 | 59.21 |
| Kolkata | 54.10 | 56.13 |
| Chennai | 53.09 | 55.44 |