By Admin 
- Crude oil became expensive by 6% due to US-Iran tension.
- Expectations of fuel becoming cheaper in India decreased due to the rise in crude oil.
- Fuel prices in India may increase if crude crosses $80.
Petrol-Diesel Rate Today on July 9: Crude oil prices rose by about 6% on Wednesday due to the renewed war between America and Iran. Brent crude futures rose $4.58, or 6.09%, to $78.66 a barrel, while US West Texas Intermediate crude rose $4.22, or 6%, to $74.65 a barrel. Both these benchmarks are trading at their highest levels since June 23. In such a situation, the expectations of reduction in the prices of petrol and diesel in India have also reduced, which were raised after the recent fall in crude oil.
The prices of petrol and diesel in India have remained stable since May 25. Last time, government oil marketing companies (OMCs) had increased the prices of petrol by Rs 2.61 per liter and diesel by Rs 2.71 per liter. The price of petrol in Delhi remains above Rs 100 per liter at Rs 102.12 per liter, while diesel is being sold at Rs 95.20 per liter.
City wise petrol and diesel prices
| City | Petrol price (per litre) | Diesel price (per litre) |
| Delhi | Rs 102.12 | Rs 95.20 |
| Mumbai | Rs 111.21 | Rs 97.83 |
| Kolkata | Rs 113.51 | Rs 99.82 |
| Ahmedabad | Rs 101.70 | Rs 97.84 |
| Chennai | Rs 107.77 | Rs 99.55 |
| Patna | Rs 113.35 | Rs 99.36 |
| Leh | Rs 109.81 | Rs 97.92 |
| Thiruvananthapuram | Rs 115.49 | Rs 104.40 |
| Pune | Rs 111.52 | Rs 98.15 |
Why did oil prices increase?
US President Donald Trump, while talking to reporters during the ongoing NATO summit in Ankara, Turkey, talked about the end of the ceasefire with Iran. He said, “According to me, this ceasefire has now ended.” Regarding the peace agreement signed between America and Iran in June, he said that talking to Iran is a complete waste of time. After this statement of Trump, once again the fear of increasing tension between the two countries and stopping the supply of oil through the Strait of Hormuz has started troubling us again. This is the reason why oil prices suddenly increased yesterday.
What will be the impact on India?
India imports about 85% of its crude oil requirement from abroad. In such a situation, the rise in prices in the international markets has a direct impact on Indian oil companies because imports become expensive for them. If crude oil prices continue to rise at the same pace in the global market and remain above $80 for a long time, then domestic fuel prices may increase in India too in the coming days.
Also read:
Petrol-Diesel: America’s decision can make petrol-diesel cheaper in India! There is also a connection with Iran