Petrol, Diesel Prices Surge Across India Amid Global Supply Concerns; Nayara Energy Leads Hike
Fuel prices across India have risen sharply, with petrol increasing by ₹5.30 per litre and diesel by ₹3 per litre, following a price revision by Nayara Energy. The move comes amid growing concerns over global energy supply disruptions linked to escalating tensions in West Asia.
The ongoing conflict involving Iran and the United States has significantly impacted oil supply routes, particularly the Strait of Hormuz—a crucial global energy transit corridor. Disruptions in this region have contributed to rising crude oil prices and fears of shortages worldwide.
Panic Buying and Public Response
Amid rumours of fuel shortages, residents in several states have rushed to petrol pumps, leading to long queues in cities such as Guwahati and Prayagraj. Similar scenes have been reported at LPG distribution centers, reflecting widespread concern among consumers.
Despite the surge in demand, the Government of India has reassured the public that there is no immediate shortage of fuel supplies and that the situation is being closely monitored.
City-Wise Petrol Prices (₹ per litre)
- Hyderabad – ₹107.46
- Kolkata – ₹105.41
- Mumbai – ₹103.54
- Bengaluru – ₹102.92
- Bhubaneswar – ₹101.19
- Chennai – ₹100.80
- Gurugram – ₹95.57
- Noida – ₹95.16
- New Delhi – ₹94.77
- Chandigarh – ₹94.30
City-Wise Diesel Prices (₹ per litre)
- Hyderabad – ₹95.70
- Bhubaneswar – ₹92.77
- Chennai – ₹92.39
- Kolkata – ₹92.02
- Bengaluru – ₹90.99
- Mumbai – ₹90.03
- Noida – ₹88.31
- Gurugram – ₹88.03
- New Delhi – ₹87.67
- Chandigarh – ₹82.45
Political Reactions and Concerns
The price hike has also triggered political reactions. Asaduddin Owaisi criticized the government, alleging that it was unprepared for the emerging energy crisis and had not built sufficient strategic petroleum reserves.
Experts warn that continued instability in the Middle East could further push fuel prices upward, impacting transportation costs, inflation, and overall economic stability in India.
Outlook
While authorities maintain that supply remains stable, market analysts suggest that fuel prices may remain volatile in the coming weeks, depending on geopolitical developments and global crude oil trends.
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