India Raises Fuel Prices for the First Time in Four Years
- Publish date: Saturday، 16 May 2026 Reading time: 1 min read
Retail fuel prices in India increase for the first time in 4 years due to higher global crude oil rates.
- Related articles
- Fare Hike in PH: Here’s How Much Jeepneys, Buses, and Ride-Hailing Now Cost
- Kuwait Ranks 7th in Global List of Cheapest Gasoline Prices
- How the US-Israel-Iran War is Hitting Filipino Farmers and Fishers
India's state-run fuel retailers have raised petrol and diesel prices for the first time in four years by 3 rupees ($0.03) per litre, or more than 3%, according to dealers, to recoup some of the losses incurred due to higher global crude oil prices.
India, the world's third-biggest oil importer and consumer, is one of the last major economies to raise retail fuel prices following the disruption to shipping through the Strait of Hormuz by the war started by U.S.-Israeli attacks on Iran.
State-run Indian Oil Corp, Hindustan Petroleum Corp, and Bharat Petroleum Corp, which together control more than 90% of India's 103,000 fuel stations, tend to set diesel and petrol prices in tandem.
Diesel in Delhi will cost 90.67 rupees a litre and petrol 97.77 rupees, reflecting increases of 3.4% and 3.2%, respectively, from 87.67 rupees and 94.77 rupees a litre.
Global oil prices spiked to more than $120 a barrel, before pulling back to around $100 to $105.
This article was previously published on saudimoments. To see the original article, click here
AI contributed to the creation of this article.