Petrol price hike

The Centre has repeatedly asserted that there is no fuel shortage in the country and no plan to introduce rationing of petrol, diesel or LPG despite disruptions in global energy shipments linked to the Iran conflict and the Strait of Hormuz crisis.

Fuel prices have surged across India, with petrol now exceeding Rs 110 per litre in several states and diesel nearing Rs 100 in many regions. This hike, averaging Rs 3 per litre, follows sustained pressure from elevated global crude oil prices, exacerbated by the West Asia crisis.

The government on Friday raised petrol and diesel prices by Rs 3 per litre nationwide. In Delhi, petrol prices increased from Rs 94.77 to Rs 97.77 per litre, while diesel rates moved up from Rs 87.67 to Rs 90.67 per litre.

In the heart of Ranchi, the streets transformed into a frenzy as residents rushed to fuel stations amidst a significant rise in petrol prices. The rush overwhelmed retail outlets, leading to some selling up to three times their regular amounts.

India has kept its petrol and diesel prices unchanged for four years now - ever since the Russia-Ukraine conflict. But the rising global oil prices, past the $100 per barrel mark has made the math unsustainable for oil marketing companies.

Fuel prices in Bengaluru have seen a significant increase, with petrol now costing Rs 106.17 per litre and diesel at Rs 94.10 per litre. This hike, attributed to sustained high global crude oil prices and geopolitical tensions, also affects XP95 petrol and CNG. Private outlets like Shell continue to have higher rates.

GFX Matter (Price comparision)

Fuel prices have increased across India. Petrol and diesel rates have gone up by Rs 3 per litre. Opposition parties are criticising the Modi government. They state that elections are over and price recovery has begun. This hike comes amid global energy price surges. India had previously absorbed these pressures. State-owned oil companies are now adjusting prices.

Vijayawada witnessed chaotic scenes as motorists rushed to fuel stations Sunday morning, fueled by rumors of impending diesel and petrol shortages. Long queues formed, leading to rationing and some outlets running dry by noon. Panic buying, driven by social media speculation about price hikes due to the West Asia conflict, exacerbated the situation, causing traffic snarls and frustration.

The ministry of petroleum and natural gas has firmly refuted claims of an impending petrol and diesel price hike, labeling such reports as 'fake news' designed to cause public alarm. Asserting India's unique fuel price stability over the past four years, the government highlighted its proactive measures to shield citizens from global energy market volatility and geopolitical impacts.

Pakistan's government reversed a significant Petrol price hike after widespread backlash, reducing the price by PKR 80 per litre to PKR 378. This move followed a 43% increase that sparked protests and criticism, with the government now implementing targeted subsidies and austerity measures to ease economic strain.

Usually, Pakistan goes populist and softens the blow. So, what forced it to let prices jump all at once?

UAE motorists will face significant fuel price increases in April 2026, with petrol and diesel rates set to rise by up to nearly Dh2 per litre. This sharp hike, approved by the UAE Fuel Price Committee, reflects escalating global crude oil prices driven by geopolitical tensions and supply disruptions.

Premium petrol prices have seen a hike of over Rs 2 per litre across state-run oil companies, while regular fuel and diesel rates remain steady. This adjustment comes amidst global energy market volatility fueled by the Middle East crisis, impacting India's significant oil import dependence and potentially widening the import bill.

Amidst Middle East conflict and soaring oil prices, Indian oil companies have increased premium petrol variants by over Rs 2 per litre. However, retail prices for regular petrol and diesel remain unchanged, while industrial diesel costs have surged by Rs 22 per litre due to global crude oil volatility.

Slamming the Congress at the Centre and the DMK in the state for the hike in petrol price, AIADMK general secretary J Jayalalithaa on Monday demanded an immediate rollback in the interests of the poor and the common people in the country.

Protest against Petrol price hike continued on Sunday when BJP activists came out on roads.

Traffic on arterial Nungambakkam High Road was severely affected for over an hour on Tuesday morning as members of the Democratic Youth Federation of India (DYFI) staged a protest against the Petrol price hike in front of Indian Oil Bhavan. They finally dispersed after the police resorted to a mild lathi-charge.

He said that while on one hand, there is talk of reforms, on the other hand protests are being made whenever any tough decision is taken.

Opposition members on Monday forced the Rajya Sabha to adjourn till 12 noon over the Petrol price hike issue.