Fuel prices hiked for fourth time in 10 days in India

लगानी न्यूज

११ जेष्ठ २०८३, सोमबार १२:४७May 25, 2026

. New Delhi: India’s state-owned fuel companies have hiked petrol and diesel prices again amid supply chain pressure due to the ongoing war in the Middle East. This is the fourth hike in the last 10 days, which has led to continued volatility in the country’s fuel market.

Since the start of the war in February, the price of automobile fuel in India has increased by about five percent.TAG_OPEN_div_27 Tensions in Iran and the Strait of Hormuz have had a direct impact after disrupting a key route to global energy supplies. The region is one of the world’s major energy transport corridors.

India, the world’TAG_OPEN_div_25 s third-largest oil buyer, imports nearly half of its crude oil through this sensitive waterway. With the increase in supply risks, the pressure to adjust prices in the country is also increasing.

After the latest price adjustment, the average price of fuel across the country has increased by Rs 2 TAG_OPEN_div_23. It has increased by more than $02. The price of petrol in New Delhi is Rs 99.50. From Rs 5 to Rs 102. The price of diesel has been increased to Rs 12 and diesel has been increased to Rs 95. It has reached Rs 20.

The hike comes days after Prime Minister Narendra Modi said fuel consumption controls were needed to protect foreign exchange reserves.TAG_OPEN_div_21 He pointed out the need of discipline in consumption to manage the high expenditure on imports.

Meanwhile, India has increased its import of crude oil from Russia to meet the shortfall in supplies from the Middle East.TAG_OPEN_div_19 Ship tracking and import data show that India is increasingly inclined towards alternative sources after the temporary US waiver on sanctions.

Petroleum and Natural Gas Minister Hardeep Singh Puri said that oil marketing companies are under tremendous financial pressure.TAG_OPEN_div_17 He said the companies were incurring losses of up to $120 million a day, but the country was still ensuring “uninterrupted energy imports and supply”.

At a time when the Middle East war is destabilizing the supply of crude oil in the international market, India seems to be pursuing both domestic price adjustment and expansion of alternative supply sources simultaneously.TAG_OPEN_div_15