Petrol Diesel Price: Stir in oil market due to US-Iran tension, will petrol and diesel become expensive again in India?

New Delhi: Crude oil prices are once again rising in the international market. The increasing tension between America and Iran and the incidents around the Strait of Hormuz have affected the global oil market. Despite this, the common people in India have not seen any change in the prices of petrol and diesel at present. Government oil companies have also kept fuel prices stable till July 8, 2026, which has brought relief to consumers, but there is also concern about future prices.

The retail prices of petrol and diesel in the country were last changed on 25 May 2026. Since then, oil companies have kept the prices stable. Although the prices of crude oil have fluctuated several times in the global market, it has not yet affected the domestic retail prices. Earlier in May 2026, oil companies had increased the prices of petrol and diesel a total of four times. After the end of the assembly elections, fuel became expensive in different phases between May 15 and May 25. After these increases, the prices have remained the same till now.

Latest price of petrol in four metros

According to the latest rates released by government oil marketing companies, the prices of petrol in major cities of the country are as follows-

Delhi: Rs 102.12 per liter
Kolkata: Rs 113.51 per liter
Mumbai: Rs 111.21 per liter
Chennai: Rs 107.77 per liter

No change was recorded in these cities even on Wednesday.

Diesel prices also stable

There has been no revision in diesel prices either. The price of diesel per liter in major metros is as follows-

Delhi: Rs 95.20
Kolkata: Rs 99.02
Mumbai: Rs 97.83
Chennai: Rs 99.55

Although crude oil is becoming expensive at the international level, at present consumers are getting fuel at the old prices in the domestic market.

Crude oil price increased again in the global market

A significant increase was recorded in the prices of crude oil in the international oil market on Wednesday morning. The biggest reason for this is believed to be the increased tension between America and Iran. According to reports, the US military carried out new attacks on targets linked to Iran during the funeral of Iran’s former supreme leader Ayatollah Ali Khamenei. A few hours before this, news of attack on three merchant ships near the Strait of Hormuz had also come to light. These incidents increased concerns about global energy supply, which had a direct impact on the crude oil market.

Rise in Brent and WTI crude

During international trading, Brent crude was seen trading at around $ 76.19 per barrel with an increase of 2.74 percent. At the same time, WTI crude also strengthened by about 2.88 percent and reached $ 72.47 per barrel. Apart from this, an increase of about 3.43 percent was recorded in Murban crude and its price was about $ 68.97 per barrel.