Key Takeaways
- Petrol prices increased by Rs4.42 per litre to Rs380.24.
- High-speed diesel prices rose by Rs6.10 per litre to Rs409.42.
- The hikes follow a 2% increase in global oil prices, driven by attacks on Middle Eastern shipping and infrastructure.
The government has increased the price of petrol by Rs4.42 per litre, bringing the new price to Rs380.24 per litre, effective from Tuesday, September 15, 2026. This marks the sixth consecutive hike in petroleum prices under the government’s pricing mechanism.
Simultaneously, the price of high-speed diesel (HSD) was raised by Rs6.10 per litre, increasing the price to Rs409.42 per litre. These adjustments are in line with the government’s ongoing practice of revising fuel prices based on international oil markets and other cost factors.
The previous price review, effective from Saturday, September 12, 2026, had already seen petrol prices rise to Rs375.82 per litre and HSD to Rs403.32 per litre. The new prices will remain in effect until Tuesday, September 19, 2026.
Globally, oil prices climbed over 2% on Monday, with both major benchmarks trading above $100 a barrel. Brent crude futures were up $2.72, or 2.6%, at $107.33 a barrel by 11:39am ET (1539 GMT). US West Texas Intermediate crude rose $2.51, or 2.5%, to $102.56, putting the contract on track for its highest close since May 19.
These price hikes are reflective of the current global oil market trends, which have been influenced by a fresh wave of attacks on shipping and Saudi energy infrastructure in the Middle East. Yemen’s Houthis claimed responsibility for firing dozens of missiles and drones at a Saudi military airbase in Khamis Mushait, while a Friday attack on Saudi Arabia’s east-west pipeline, blamed on Iran-backed fighters in Iraq, forced Riyadh to reroute crude shipments through the Red Sea instead of the Strait of Hormuz, threatening up to 4% of global oil supply.
The Ministry of Energy (Petroleum Division) and the Oil and Gas Regulatory Authority (OGRA) issued a notification on Monday, confirming the revised ex-depot prices of petroleum products. The government continues to monitor international oil markets and other cost factors to adjust fuel prices accordingly.
The new prices are expected to impact the cost of transportation and other industries that rely on diesel and petrol. Consumers can expect to see higher costs in various sectors, including public transport, logistics, and personal vehicle usage.
The government’s decision to raise fuel prices is part of its strategy to align domestic prices with global market trends and ensure the sustainability of the country’s energy sector.
