Why India may not be done with petrol, diesel price hikes yet | Explained
India is experiencing significant fuel price hikes due to disruptions in the Strait of Hormuz caused by the ongoing US-Iran conflict. Petrol and diesel prices have increased multiple times in recent weeks, with experts warning that further hikes may be necessary if crude oil prices remain high. The Indian government has indicated that it may need to make difficult decisions regarding fuel pricing amid these global supply challenges.
- ▪India's petrol and diesel prices have surged over ₹7 per litre in recent weeks due to global energy supply disruptions.
- ▪State-run oil marketing companies have raised petrol prices by ₹2.61 per litre and diesel by ₹2.71 per litre, with petrol now retailing at ₹102.12 per litre in Delhi.
- ▪Experts believe that further price hikes may occur unless Brent crude stabilizes well below $100 per barrel for an extended period.
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Why India may not be done with petrol, diesel price hikes yet | ExplainedIndia’s fuel prices have surged amid Strait of Hormuz disruptions due to the US-Iran war, with hikes of over ₹7 per litre in both petrol and diesel prices.Updated on: May 25, 2026 10:06 AM ISTBy Abhimanyu KulkarniShare viaCopy link India's fuel prices have now been raised four times in less than two weeks, and experts say another hike cannot be ruled out as the US-Iran war continues to disrupt global energy supplies and keep crude oil markets volatile.Consumers wait at a petrol station amid multiple hikes in fuel prices, in Patna.
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