Petrol, diesel price hike an adjustment to global crude surge, says Nadendla Manohar
Minister Nadendla Manohar explained that the recent petrol and diesel price hikes are adjustments due to rising global crude oil prices. He emphasized that the increases were designed to minimize consumer impact and were the first major revisions in several years. The latest hikes mark the fourth increase in ten days, with prices rising by approximately ₹7.5 per litre in total.
- ▪The price hikes were described as necessary adjustments due to a surge in global crude oil prices.
- ▪India imports a significant portion of its crude oil, making it vulnerable to international price fluctuations.
- ▪The latest increase is the fourth in ten days, with a total rise of about ₹7.5 per litre.
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Describing the latest increase in petrol and diesel prices as an adjustment necessitated by the sharp surge in global crude oil prices, Minister for Civil Supplies and Consumer Affairs Nadendla Manohar on Monday (May 25, 2026) said it had been ensured that the hikes were calibrated to minimise the impact on consumers. The U.S. ends Russia oil waiver, implications for IndiaThe rise in crude oil prices was due to the ongoing geopolitical tensions in West Asia, particularly concerns over the Strait of Hormuz triggered by the Iran War, he told The Hindu, noting that India imported a large part of its crude, and hence the direct impact.The Minister said the fuel price hikes by public sector oil marketing companies (HPCL, BPCL and IOCL) were modest and phased, and came after the companies…
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