Petrol and diesel cheaper by Rs 5 per liter, new prices effective from May 16

The government, through a notification issued by the Petroleum Division, has announced a reduction of Rs 5 per liter in both petrol and high-speed diesel, which has come into effect from May 16, 2026.
The new prices are as follows:

• Petrol: Reduced from Rs 414.78 to Rs 409.78 per liter
• High-speed diesel: Reduced from Rs 414.58 to Rs 409.58 per liter

This reduction is also noteworthy because last week, the government had increased petrol by Rs 14.92 and diesel by Rs 15. Earlier, on April 29, diesel had increased by Rs 19.39 and petrol by Rs 6.51. That is, prices had risen sharply in the last few weeks and now this reduction of Rs 5 is very minor in comparison. The common man still has not got the relief he expected.