Petrol price may touch Rs 112.6 per litre
Source: The Sangai Express

Imphal, May 27 2026: Even as fuel prices were recently increased across India for the fourth time this month, further hikes in petrol and diesel prices are anticipated.

According to reliable sources, petrol and diesel prices in Manipur may rise to Rs 112.60 and Rs 102.25 per litre respectively.

Fuel prices have been increasing across the country since May 15, as Indian Oil Corporation Limited (IOCL) had incurred losses of around Rs 1,600 crore daily in the recent past, it said.

In the first round of price hikes on May 15, petrol and diesel prices in Manipur were increased by Rs 3.13 and Rs 2.92 respectively.

The second hike on May 19 saw fuel prices rise by Rs 0.91 for petrol and Rs 0.80 for diesel in the State.

On May 23, petrol and diesel prices increased again by Rs 0.90 and Rs 0.88 respectively.

In the most recent hike on May 25, petrol prices went up by Rs 2.73, while diesel prices rose by Rs 2.64 .

Since May 14, petrol and diesel prices have increased by Rs 7.64 and Rs 7.24 respectively.

On average, petrol was priced at Rs 99.15 per litre and diesel at Rs 85.23 per litre in Imphal East until May 14 .

However, prices have now risen to Rs 106.82 for petrol and Rs 92.55 for diesel in the district.

Apart from minor variations, petrol and diesel are currently being sold at nearly similar prices across the State.

The sources further stated that the losses incurred by IOCL have reduced from around Rs 1,600 crore per day to approximately Rs 600 crore per day following the price hikes.

It added that further increases in fuel prices are expected to bring the losses incurred by IOCL down to zero.

To meet this target, petrol prices may reach as high as Rs 112.60 per litre, while diesel prices could rise to Rs 102.25 per litre in Manipur, it added.

Meanwhile, IOCL has been closely monitoring fuel stocks and sales volumes at retail outlets, comparing current monthly sales with those of previous months.

Sources added that retail outlets found selling excess fuel are being denied further fuel supplies.

The sources contended that many retail outlets under IOCL recorded higher sales volumes, as oil marketing companies such as Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, and Narayan Energy, together accounting for around 30 per cent of the fuel market in Manipur have stopped supplying petrol and diesel to the State.

It said that IOCL's decision to deny fuel supply to retail outlets over higher sales volumes, instead of conducting proper investigations into the surge in demand, is hindering fuel availability for consumers.

The sources added that there has, however, been no change in the commission provided by oil marketing companies since October 30, 2024, even though investments by petrol dealers have increased.

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