Concern increased due to closure of Strait of Hormuz, report estimates increase in prices of petrol and diesel by Rs 25-28; What answer did the government give?
Petrol-Diesel Price: The effect of increasing tension between America-Israel-Iran is now visible in India also. Global oil supply has been affected due to obstruction in the Strait of Hormuz, which is expected to affect LPG, petrol and diesel.
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Although till now there has been no change in the prices of petrol and diesel at the retail level in India, but according to reports, customers may get a shock in the coming time. According to a report by Kotak Institutional Equities, if tensions continue in West Asia and a peace deal is not reached, a rise in fuel prices is possible after the state elections are over. At present, the price of Brent crude oil in the international market remains around $ 104 per barrel. The main reason for this is the closure of the Strait of Hormuz. It is an important sea route of the world, through which about 20% of the global oil supply and about 40% of India’s crude oil imports pass.
The report also said that if crude oil prices reach $ 120 per barrel, then the prices of petrol and diesel may increase by Rs 25 to 28 per liter. According to reports, this increase can be seen only after the elections are over in the states. Let us tell you that in the states where elections are being held, the last voting will be held on 29th April and the results will come on 4th May. Meanwhile, tension between Iran and America is continuously increasing. According to reports, movement of ships has been disrupted in the Strait of Hormuz. Maritime traffic has also been affected due to continuous attacks on Iranian commercial ships, putting pressure on the supply chain.
However, amidst all these apprehensions, the Ministry of Petroleum and Natural Gas has completely rejected the news of increase in the prices of petrol and diesel.
FAKE NEWS
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There are some news reports suggesting a price hike of petrol and diesel. It is hereby clarified that there is no such proposal under consideration by the Government.
Such news items are designed to create fear and panic amongst the citizens and are mischievous and… pic.twitter.com/yTAfJdah2o— Ministry of Petroleum and Natural Gas #MoPNG (@PetroleumMin) April 23, 2026
The Ministry has issued a statement on social media platform The government says that despite huge fluctuations in the international market in the last four years, efforts have been made to keep the prices of petrol and diesel stable in India, so that there is no additional burden on the general public. At present, everyone is keeping an eye on the situation. If no solution is found soon in West Asia, then in the coming days it may also affect the pockets of common consumers of India.
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