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Petrol Diesel up to Rs 3 Higher in India What’s Driving the Sudden Fuel Shock
Economy
Published on 15 May 2026
Strait of Hormuz partly blocked is the real pressure
Fuel prices in India jumped on Friday by up to Rs 3 per litre, with petrol hitting Rs 97.77 in Delhi and diesel Rs 90.67. The move follows sustained global crude surges and tighter energy supplies tied to prolonged West Asia conflict. Analysts point to disruptions around the Strait of Hormuz, which reduces Gulf oil flows and raises import costs for India, which buys over 80% of its crude. State retailers had absorbed losses earlier, but buffers are now exhausted.
- Petrol rose by up to Rs 3 per litre; diesel followed a similar pattern
- Delhi saw petrol at Rs 97.77 and diesel at Rs 90.67 after the hike
- Metro increases were broadly steady: petrol about Rs 2.80 to Rs 3.30; diesel Rs 2.80 to Rs 3.10
- Brent crude stayed elevated, sometimes crossing the $100 per barrel mark
- Energy flows were pressured by Strait of Hormuz disruptions affecting Gulf supply
- Bloomberg estimates suggest public oil firms face near Rs 10 billion daily losses
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times