Petrol at ₹107.12, Diesel at ₹95.04 in Karnataka as Fuel Prices Rise Again; Traders Fear Daily Hike Cycle Returning
Bengaluru: Fuel prices in Karnataka have once again witnessed an upward revision, intensifying concerns among consumers, transporters and traders over a possible return of daily fuel price hikes.
According to the latest Indian Oil Corporation Limited (IOCL) dealer rates effective from 6:00 AM on May 19, 2026, petrol, diesel and premium fuel prices have been increased again across Karnataka.
Latest IOCL Fuel Prices in Karnataka
The revised rates are:
- Petrol (MS): ₹107.12 per litre
- Diesel (HSD): ₹95.04 per litre
- XP95 Premium Petrol: ₹116.60 per litre
Compared to the previous revision, the latest hike includes:
- Petrol increase: ₹0.98 per litre
- Diesel increase: ₹0.94 per litre
The latest increase comes just days after earlier revisions had already pushed fuel prices sharply upward following global crude oil volatility and geopolitical tensions linked to the ongoing USA-Iran conflict.
Concerns Over Return of Daily Fuel Revisions
Industry observers and trade representatives are now expressing concern that oil companies may be moving back toward regular upward revisions in retail selling prices (RSP) of petrol and diesel.
The AKFPT Team, reacting to the latest revision, stated:
“We feel daily upward revision of RSP of MS and HSD is back on the table. Let’s wait for a week to check ourselves.”
The statement has triggered fresh speculation among fuel dealers and transport operators about a sustained price increase trend over the coming days.
Transport and Consumer Impact Expected
Repeated fuel price increases are expected to have a cascading impact on:
- Transportation costs
- Goods movement
- Cab and auto fares
- Bus ticket prices
- Food and essential commodity rates
Transport sector representatives have already warned that continued hikes could force private operators to revise fares further.
Global Crude Volatility Behind Hikes
Officials and market experts have linked the recent fuel price surge to:
- Rising international crude oil prices
- Supply uncertainties due to geopolitical tensions
- Increased import costs for India
- Pressure on oil marketing companies
The continued upward trend in petrol and diesel rates is likely to remain under close watch over the next few days, especially if global oil markets remain unstable.
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