Petrol, diesel prices rise again as West Asia conflict triggers third fuel hike in 10 days
India witnessed its third fuel price hike in less than 10 days, with petrol prices nearing Rs 100 in Delhi amid continuing turmoil in global oil markets.
India witnessed its third fuel price hike in less than 10 days, with petrol prices nearing Rs 100 in Delhi amid continuing turmoil in global oil markets.
Oil companies raised petrol, diesel and CNG prices as mounting crude oil costs and the West Asia conflict intensified pressure on India’s fuel retailers.
The Indian stock market witnessed a sharp selloff on Monday amid weakening investor sentiment.
Gold and silver prices traded higher on Thursday, with prices rising by up to 1 per cent amid a rise in crude oil prices and uncertainty surrounding the US-Iran peace deal.
Global crude oil prices declined almost 3 per cent on Monday after US President Donald Trump said Washington would take steps to help clear vessels stranded in the Strait of Hormuz, though the lack of a breakthrough in US-Iran talks kept prices above the $100-mark.
On Thursday, Sensex came down by 821.79 points to 76,674.57 in early trade, while the Nifty dived 287.3 points to 23,890.35.
Government highlights India’s rare price stability in fuel despite global oil surge, says oil firms absorbed costs while urging citizens to ignore viral misinformation on social media.
The Centre on Tuesday stated that India continues to maintain relatively lower fuel prices compared to neighbouring countries despite the rise in global crude oil and LPG prices.
India’s core industrial activity contracted in March 2026, with the combined Index of Eight Core Industries (ICI) falling 0.4 per cent year-on-year compared to March 2025. This marked the weakest performance in nearly two years.
High-end fuels like XP100 and Xtra Green have become costlier in Delhi, while everyday petrol and diesel remain unchanged even as global oil markets stay volatile.
