By Admin 
Petrol Diesel News: The war between Iran and America has started once again. Due to which once again people are scared whether inflation will increase again? Once again there is a crisis situation due to the war on Hormuz, due to which it seems that the prices of petrol and diesel will increase again. However, at present nothing like this has been said by the government. But still let us understand what the government can do in such a crisis situation.
rising prices of crude oil
Crude oil prices had increased in the months of March and April. Due to which the government had to increase the prices of petrol and diesel in May. Due to which the general public was greatly troubled. So now once again the situation is the same. Because the Iran-America war has started, due to which the prices of crude oil have increased once again. Today i.e. on Tuesday, the price of Brent crude oil has become around Rs 86 dollars per barrel.
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The government has two ways
In the current situation, the government has two options: either it can put the entire burden on the public by increasing the prices of petrol and diesel, or it can take the entire burden on itself by reducing taxes. Although at present the government has not said anything like this, still there is a lot of tension in the minds of the public due to the continuous increase in the prices of crude oil.
There is pressure on oil companies also
If anyone is under more pressure than the public at this time, it is the oil companies, because the cost of oil has the biggest impact on the government oil companies. Indian Oil Corporation Limited (IOCL) – Government companies like Bharat Petroleum Company Limited (BPCL) and Hindustan Petroleum (HPCL) are sometimes not able to increase prices immediately due to political and social reasons. Due to which pressure falls on them and companies suffer losses.
According to government data, by June 2026, the total under-recovery of these companies had reached Rs 2.19 lakh crore. This means that companies continued to sell fuel below cost for a long time. Now, if a similar situation arises again, the pressure on oil companies will increase again.
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Prices had increased in May
The war between Iran and the US was going on since February, but the government reduced taxes till April and did not let the pressure of rising prices come on the people. But when pressure increased on the government and oil companies, the government decided to increase the prices of petrol and diesel. The prices of petrol and diesel increased 4 times in the month of May. If once again the prices of crude oil exceed Rs 100 per barrel, the government and oil companies will once again come under pressure. Then the government will be left with only two options. Now it has to be seen whether the government puts the burden on the public in advance or manages the situation for some time.