Overview

• Retail petrol and diesel prices held steady on May 26 in most major cities, with Delhi rates at ₹94.77 and ₹87.67 per litre respectively
• Brent crude rose 0.43% to $65.06 per barrel on May 26, marking a modest recovery in global oil benchmarks
• The government raised excise duty by ₹2 per litre in April 2025 but domestic prices have remained unchanged since May 2022 after earlier tax cuts
• State-run oil companies conduct daily price reviews based on international crude values, rupee-dollar exchange rates and demand before implementing changes at 6 a.m.
• Regional price differences persist owing to varying state levies and transportation costs, while smaller markets such as Noida and Lucknow see minor rate adjustments