Petrol, diesel prices hiked in India

लगानी न्यूज

१ जेष्ठ २०८३, शुक्रबार १४:१६May 15, 2026

. India’s petroleum prices have been soaring due to the war in the Middle East and the blockade of the Strait of Hormuz.

New Delhi: India’s state-owned oil companies on Friday hiked petrol and diesel prices by over three per cent, putting more pressure on the general public and the industry.TAG_OPEN_div_46

This is the first time that the price of automobile fuel has been increased in India since the war broke out in February.TAG_OPEN_div_44 Since the war, Iran has imposed a near-complete blockade on the Strait of Hormuz, which is considered the most sensitive for global energy supply, affecting the supply of crude oil in the international market.

India, the world’TAG_OPEN_div_42 s third-largest oil importer, usually imports about half of its crude oil through this waterway. Therefore, the increased volatility in the Hormuz region has a direct impact on the Indian energy market.

According to the Indian Oil Corporation, the price of petrol in Delhi has increased from Rs 94.77 to Rs 97.77 per liter.TAG_OPEN_div_40 Similarly, the price of diesel has increased from Rs 87.67 per litre to Rs 90.67 per litre. The price will vary in different parts of the country depending on the international market, transportation cost and local tax.

New Delhi: State-owned oil companies have said that they have suffered losses in fuel sales due to the continuous rise in the price of crude oil in the global market.TAG_OPEN_div_38 Earlier, the government had increased the price of liquefied petroleum gas (LPG), a cooking fuel used by millions of households.

Along with the fuel price hike, the Indian government has also tightened austerity programs to reduce energy consumption and save foreign exchange.TAG_OPEN_div_36 Officials are urging the public and private sector to reduce the unnecessary use of fuel.

The Delhi Chief Minister on Thursday directed government employees to work from home two days a week as far as possible.TAG_OPEN_div_34 It has also urged the public to use public transport to reduce the use of private vehicles.

Prime Minister TAG_OPEN_div_32 Narendra Modi has also said that energy consumption control is necessary to save a large amount of foreign exchange spent on fuel imports. There have been concerns that India’s rising energy import bill could affect the trade deficit and inflation.

Meanwhile, India has increased imports of Russian crude oil to offset the impact of reduced supplies from the Middle East.TAG_OPEN_div_30 Ship tracking and import data showed that oil imports from Russia have increased significantly since the temporary U.S. waiver of sanctions.

But as the exemption expired on Saturday, Indian External Affairs Minister Subrahmanyam Jaishankar criticized the “unilateral coercive measures”.TAG_OPEN_div_28 He did not name any country, but said that such restrictive policies would disproportionately affect developing countries.

Jaishankar on Thursday called on his BRICS counterparts, including Iran’s Foreign Minister Abbas Araghchi and Russian Foreign Minister Sergey Lavrov, to find a solution through dialogue and diplomacy.TAG_OPEN_div_26

Stating that “undue sanctions and pressures cannot take the place of dialogue,” he stressed the need for collaboration to resolve the global energy and economic crisis.TAG_OPEN_div_24