New Delhi (AFP) – India's state-run oil companies raised petrol and diesel prices by more than three percent on Friday as disruption to energy supplies due to the Iran war mounts pressure on the economy.
Issued on: 15/05/2026 - 07:53
The increase marks the first hike in automobile fuel prices in India since the war broke out in February, prompting Iran's near-total blockade of the Strait of Hormuz.
India, the world's third-largest oil buyer, normally sources about half of its crude through the vital waterway.
In Delhi, petrol prices rose to 97.77 rupees ($1.02) per litre from 94.77 rupees, while diesel climbed to 90.67 rupees from 87.67, according to data from the Indian Oil Corporation.
