CNG Gets Costlier Again In Delhi-NCR; 2nd Hike In Just Two Days; Check Petrol And Diesel Price On May 17

Petrol and diesel prices across India remained unchanged on Saturday, May 17, just a day after fuel rates were increased by Rs 3 per litre in major cities. While there was no fresh hike on Saturday, concerns continue to grow over rising global crude oil prices and the possibility of further increases in the coming days.

Oil marketing companies (OMCs) revise petrol and diesel prices every day at 6 AM based on international crude oil rates and fluctuations in currency exchange rates. Despite changes in global oil markets, fuel prices remained stable on Saturday after Friday's sharp increase.

However, speculation continues in the market that fuel prices may rise again if crude oil prices remain elevated for a prolonged period.

CNG rates have been increased by Re 1 from today. In Delhi, per KG CNG will cost Rs 80.09. In Noida-Ghaziabad, per KG CNG will cost Rs 88.70. This is the second increase in prices in 2 Days. Earlier on 15th May, CNG prices were increased to Rs 2/KG.

— ANI (@ANI) May 17, 2026

Why Fuel Prices Were Increased

Petrol and diesel prices were raised across India on Friday amid rising tensions in West Asia, which have increased concerns about global oil supply disruptions.

Crude oil is currently trading at around $105 per barrel, significantly increasing pressure on oil marketing companies. Reports suggest OMCs are currently absorbing a portion of the financial burden to prevent sudden large increases for consumers.

The government has also indicated that fuel prices may remain stable for now despite global volatility, although market experts believe future hikes cannot be ruled out if international crude prices continue climbing.

Petrol Prices Across Major Cities

Following Friday's hike, petrol prices in several major Indian cities crossed psychologically important levels. In New Delhi, petrol is now retailing at Rs 97.77 per litre, while Mumbai recorded petrol prices at Rs 106.64 per litre.

Kolkata saw petrol rates rise to Rs 108.74 per litre, while Chennai recorded petrol prices at Rs 103.90 per litre.

Among NCR cities, Gurgaon recorded petrol at Rs 98.29 per litre and Noida at Rs 98.04 per litre.

In Bengaluru, petrol prices touched Rs 106.17 per litre, while Jaipur recorded Rs 108.19 per litre.

Hyderabad continued to record the highest petrol price among major Indian cities, with petrol retailing at Rs 110.89 per litre after the latest hike.

Diesel Prices Also Remain High

Diesel prices also remained unchanged on Saturday after Friday's increase.

In Delhi, diesel is currently priced at Rs 90.67 per litre, while Mumbai recorded diesel prices at Rs 93.14 per litre.

Kolkata saw diesel prices rise to Rs 95.13 per litre, and Chennai recorded Rs 95.47 per litre.

Diesel in Bengaluru is now retailing at Rs 94.10 per litre, while Bhubaneswar recorded Rs 96.11 per litre.

Hyderabad remained among the costliest cities for diesel as well, with rates touching Rs 98.96 per litre.

However, Thiruvananthapuram recorded the highest diesel price in the country at Rs 99.63 per litre after the latest revision.

Hyderabad And Thiruvananthapuram Among Costliest Cities

After the recent fuel price increase, Hyderabad emerged as the city with the highest petrol rates among major Indian cities.

Petrol prices in the city crossed Rs 110 per litre after the latest hike, highlighting the growing burden on consumers.

Thiruvananthapuram remained close behind in petrol prices while also recording the highest diesel prices in the country.

On the other hand, Chandigarh continued to offer one of the lowest diesel prices among major cities despite the latest increase.

CNG Prices Increased Again

Apart from petrol and diesel, CNG prices have also become costlier once again.
CNG rates were increased by Re 1 per kilogram from Saturday, marking the second increase within two days.

In Delhi, CNG now costs Rs 80.09 per kilogram.

In Noida and Ghaziabad, CNG prices have risen to Rs 88.70 per kilogram.
Earlier on May 15, CNG prices had already been increased by Rs 2 per kilogram.
The back-to-back increases have added to concerns over rising transportation and household costs.

Consumers Worried Over Rising Fuel Costs

The recent fuel price hike has once again sparked concerns among consumers and businesses across the country.

Higher fuel prices often affect transportation costs, food prices and overall inflation levels, impacting daily expenses for households.

Commercial transport operators, cab drivers and logistics businesses are also closely watching global crude oil prices as any further rise could lead to additional fuel hikes in the coming weeks.

Global Tensions Keeping Oil Markets Unstable

Experts believe the ongoing West Asia crisis is one of the biggest reasons behind the current instability in oil prices.

Any disruption in oil supply routes or geopolitical tensions in the region can directly affect crude oil prices globally, which eventually impacts fuel prices in countries like India.

For now, oil marketing companies appear to be maintaining stable retail rates after Friday's increase. However, if global crude oil prices continue to remain above $100 per barrel, further revisions in petrol, diesel and CNG prices may become difficult to avoid.