Will lead to further inflation, growth estimates will be lowered considerably: Congress on fuel hike

Petrol and diesel prices were hiked by ₹3 per litre each on Friday (May 15, 2026), the first rate increase in more than four years.

Will lead to further inflation, growth estimates will be lowered considerably: Congress on fuel hike. Petrol and diesel prices were hiked by ₹3 per litre each on Friday (May 15, 2026), the first rate increase in more than four years. The Congress on Friday (May 15, 2026) attacked the Modi government over the petrol and diesel price hike, saying it is bound to lead to further inflation and growth estimates will be lowered considerably. In a post on X, Congress general secretary Jairam Ramesh said that with international oil prices soft or declining for years, the Indian National Congress had been urging that those benefits should be passed on to Indian consumers and that domestic prices of gas, petrol, and diesel should be reduced. That, however, did not happen and consumers were 'fleeced', he said. 'Now that international oil prices are c...