By Admin 
- Fuel prices remained stable on June 14, but increased in May.
- Iran-US tension and Hormuz blockade disrupted oil supplies.
- Minister Puri said, fuel prices will come down soon.
Petrol-Diesel Price on June 14: Fuel prices in the country remained stable on Sunday, June 14. The last time prices were increased was on Monday, May 25, when oil marketing companies (OMCs) increased the prices of both petrol and diesel by more than Rs 2.50 per litre.
It is noteworthy that since May 15 till now, the overall fuel prices have increased by about Rs 7.5 per liter. The special thing is that after the prices remained almost stable for more than two years, except for a cut of Rs 2 per liter in March 2024, the prices of petrol and diesel in India are at their highest level since May 2022.
Why did oil prices increase?
The reason for this increase in prices is the tense situation between Iran, America and Israel. Due to this, the Strait of Hormuz has been blockaded. This is an important sea route for supplying oil and gas around the world, which is controlled by Iran.
There are reports that America and Iran are getting closer to an agreement to reopen the ‘Strait of Hormuz’. This agreement can be signed during the meeting of leaders of ‘Group of Seven’ (G7) countries next week. However, it is also being said that the aggressive attitude of America and Iran towards each other has increased the concerns.
‘Oil prices will come down’
Union Oil Minister Hardeep Singh Puri is hopeful that fuel prices will come down in the coming months. He assured that despite the war situation, India has sufficient stocks. “Oil prices cannot remain at their current high levels for very long and are expected to decline in the coming months,” he said.
According to Reuters report, Puri said that additional supplies to India from Canada and America are expected to fill some of the shortfall, but he also said that the situation may change if the war escalates.
City wise petrol and diesel prices
| City | Petrol price (per litre) | Diesel price (per litre) |
| Delhi | Rs 102.12 | Rs 95.20 |
| Mumbai | Rs 111.18 | Rs 97.83 |
| Kolkata | Rs 113.47 | Rs 99.82 |
| Chennai | Rs 107.77 | Rs 99.55 |
| Patna | Rs 113.35 | Rs 99.36 |
| Noida | Rs 102.12 | Rs 95.20 |
| Ghaziabad | Rs 102.90 | Rs 95.36 |
| Bhopal | Rs 114.54 | Rs 99.64 |
| port blair | Rs 88.66 | Rs 84.56 |
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