Global Fuel Hike: There is an increase in the prices of petrol and diesel all over the world and its effect is clearly visible in many countries including India. Fuel has become very expensive in countries like Myanmar, Pakistan, America, Sri Lanka and Nepal.

The prices of petrol and diesel have increased in India also. Due to rising global oil prices and supply crisis, the expenditure pressure on common people is increasing in many countries. Let us know, in which countries the rates have increased by how much?

How much have petrol and diesel prices increased in neighboring countries?

A big increase in the prices of petrol and diesel has been recorded in the neighboring countries of India. Petrol has become costlier by 54.9% and diesel by 44.9% in Pakistan. Whereas in Sri Lanka the price of petrol has increased by 38.2% and diesel by 41.8%. Whereas in Nepal petrol has become costlier by 38.2% and diesel by 58.5%.

In China, petrol prices have increased by 21.7% and diesel by 23.7%. Talking about Bangladesh, the price of petrol has increased by 16.7% and diesel by 15.0%.

Increase in prices of petrol and diesel in different countries

• Myanmar — Petrol 89.7%, Diesel 112.7%
• Malaysia — Petrol 56.3%, Diesel 71.2%
• Pakistan — Petrol 54.9%, Diesel 44.9%
• United Arab Emirates — Petrol 52.4%, Diesel 86.1%
• America – Petrol 44.5%, Diesel 48.1%
• Philippines — Petrol 40.6%, Diesel 53.8%
• Sri Lanka — Petrol 38.2%, Diesel 41.8%
• Nepal — Petrol 38.2%, Diesel 58.5%
• South Africa — petrol 33.1%, diesel 63.6%
• Canada — Petrol 31.9%, Diesel 32.8%
• New Zealand — Petrol 30.7%, Diesel 88.6%
• Thailand — petrol 29.7%, diesel 32.4%
• Belgium — Petrol 25.3%, Diesel 30.9%
• Vietnam — Petrol 23.8%, Diesel 50.6%
• China — Petrol 21.7%, Diesel 23.7%
• France — Petrol 20.9%, Diesel 31.0%
• United Kingdom — petrol 19.2%, diesel 34.2%
• South Korea — Petrol 19.0%, Diesel 26.2%
• Australia — Petrol 18.5%, Diesel 43.1%
• Bangladesh — Petrol 16.7%, Diesel 15.0%
• Italy — Petrol 15.4%, Diesel 19.8%
• Germany — Petrol 13.7%, Diesel 19.8%
• Singapore — Petrol 12.7%, Diesel 64.7%
• Japan — Petrol 9.7%, Diesel 11.2%
• India — Petrol 3.2%, Diesel 3.4%

Prices increased the most in Myanmar, Pakistan at third place

Myanmar has been at the top in terms of increase in prices of petrol and diesel. Here petrol has become costlier by 89.7% and diesel by 112.7%. Whereas Pakistan has reached third position. Where petrol has increased by 54.9% and diesel by 44.9%. The impact of rising global oil prices and supply crisis is being seen most in these countries.

India’s position in the list

In India, the price of petrol has increased by 3.2% and the price of diesel has increased by 3.4%. There were expectations of a rise in oil prices since the beginning of the Middle East tension. However, the government has tried to keep the prices stable. Due to the continuously increasing losses of oil companies, a decision has been taken to change the prices.

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US-Iran War: The ongoing war between US and Iran is not showing any sign of stopping. Due to this, the economy of the world has gone haywire. Everyone’s eyes are now only waiting for this war to stop. Meanwhile, there are also reports that this war is not going to end so quickly and easily. IMF Chief has given information about this. At the same time, while talking about the conflicts around the world amidst the war situation, he has said that this situation can worsen even more.

What did the IMF Chief say?
Recently, IMF Managing Director Kristalina Georgieva had come to Los Angeles to attend the Milken Institute conference. During his address, he talked about the war situation and said, ‘If the war in the Middle East continues for a long time, the situation will get worse. The economic growth projections made by the International Monetary Fund (IMF) three weeks ago are no longer relevant, because the ongoing long war in the Persian Gulf means that the growth rate will be low and inflation will increase.

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If the war drags on, the situation will get worse
Not only this, the IMF Chief warned on Monday that inflation is already increasing, and if the ongoing tension in the Middle East continues till 2027, then it will have to face huge losses. He also said that if oil prices reach around $125 per barrel, the entire world economy may have to face ‘very bad consequences’. He also said that the slight increase in inflation forecast earlier is not possible now. Inflation may increase significantly in the coming times.

Let us tell you that the war between Iran and America is going on since February 2026. In which Israel and America together attacked Iran, in which about 900 air strikes were carried out on military infrastructure and nuclear centers. These attacks were named ‘Operation Epic Fury’ by Israel and America. In which many big leaders and common people including Iran’s supreme leader Khamenei have lost their lives. After which Iran also retaliated. A situation of dialogue was created by stopping the conflicts, but this too was of no use.

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China GDP Growth: On one hand, there is pressure on many countries due to the ongoing tension in the Middle East, while on the other hand, the situation in the neighboring country China is telling a different story. Despite global uncertainty, China’s economy has performed better than expected in the first three months of the year.

According to official figures, China’s GDP has increased by 5 percent on an annual basis during this period. Experts had estimated it to be around 4.8 percent. These strong figures have come at a time when there is tension between US and Iran.

Signs of improvement in China’s economy

Beijing has recently reduced its annual GDP target to between 4.5 percent and 5 percent. Which is considered to be the lowest since 1991. However, compared to 4.5 percent in the last quarter, some improvement is definitely being seen.

expert opinion

Brookings Institution analyst Kyle Chan believes that car and other export figures have become the strongest aspect for the country this time. The manufacturing sector has played an important role in this growth. But pressure is still visible in the property sector.

Kyle Chan has also expressed his views on the Iran war and its impact. According to him, the impact of this conflict can be seen on the GDP of the upcoming quarterly results. He has also said that the pace of the economy is slowing down a bit.

Trump tariff got a blow

America currently has a 10 percent tariff on most Chinese goods. Despite this, China’s economy has performed better than expected.

These figures of strong GDP growth can be a cause of concern for Donald Trump. The increase in China’s economic growth despite tariff pressure shows the growth of the country’s manufacturing sector.

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US-Iran War: There has been tension between Iran and America for a long time, but now the announcement of a two-week ceasefire between the two countries has created a stir in the global market. Due to the ongoing tension for a long time, the whole world was troubled by inflation and supply chain problems, but now this decision has raised hopes of relief. According to reports, as soon as the news of reducing tension between the two countries came out, its biggest and positive impact has been on the crude oil market. There has been a decline of 13 percent to 17 percent in the prices of crude oil in the international market.

Homurz Strait plays an important role in this development, which is considered the main route for the supply of about 20 percent of the world’s oil and LPG. There was a danger on this route due to tension with Iran, but now after the ceasefire, the hope that the situation will become normal has increased. Due to smooth supply, energy prices start falling, which will impact the global economy and will also benefit countries like India, which import most of the oil they need. They can get direct benefit from this.

There will be a decline in the prices of petrol and diesel

If we look from India’s perspective, the first relief can be seen in the prices of petrol and diesel. But the change in prices in India does not happen immediately, because oil companies also take into account taxes and past losses. If still, international prices remain low then relief may come in the next 7 to 10 days. Not only here but good news can also be received on the LPG front.

LPG had become expensive due to supply disruption due to the ongoing tension with Iran, due to which the prices of domestic and commercial cylinders increased, but looking at the latest situation, it seems that if imports become cheaper then the prices of domestic LPG cylinders may come down. Due to this, food items in hotels and dhabas can also become cheaper.

This stuff can be cheap!

• petrol and diesel
• Vegetables and Fruits
• cooking oil
• pulses
• food items
• smart fone
• laptop-pc
• TV
• refrigerator
• washing machine
• vehicles
• clothes coming from abroad

There may be change in the price of air tickets

This news can also be a relief for air passengers. Because due to low price of crude oil, Aviation Turbine Fuel (ATF) becomes cheaper, which is a major part of the cost of airlines. In such a situation, there is a high possibility that the prices of air tickets will reduce in the coming time. The fall in oil prices also affects the everyday life of common people. Due to cheaper diesel, transportation costs reduce, due to which vegetables, milk, grains and other essential goods can become cheaper. Apart from this, the cost of things like plastic, packaging, tires and synthetic clothes is also expected to reduce.

However, it is important to understand that the effect of these changes is not immediately visible. It may take 1 to 3 weeks for the supply chain to normalize and the new prices to be implemented. Also, this ceasefire is temporary at present. If this turns into permanent peace and the government also gives relief in tax, only then the general public will be able to get its full benefit.

Crude Oil: As tensions are increasing in the Middle East, the prices of crude oil and natural gas are also increasing. But its impact is not limited to just the fuel pump but is being felt far and wide. While most people are associating crude oil with petrol and diesel, the reality is much scarier than this. Actually, oil is used extensively in countless industries and employment products. Let us know where it is used and how this tension will affect the markets.

Direct cost pressure on paint industry

The paint and coatings industry is one of the sectors most directly impacted. More than half of the raw materials used in making paint are petroleum based. As crude oil prices rise, production costs increase significantly. Due to this, companies either have to increase prices or suffer losses.

Shock to tire and rubber sector also

The tire industry depends heavily on petroleum products such as synthetic rubber and carbon black. These materials are necessary for making vehicle tyres. When crude oil becomes expensive, the prices of tires are also bound to increase. This affects both the automobile manufacturer and the customer.

Rising costs in the packaging industry

Plastic packaging is used in everything from food items to e-commerce delivery. These are made from petrochemical products. Increase in crude oil prices increases the cost of plastic granules.

impact on aviation industry

Airlines are the first to be hit by rising oil prices. Aviation turbine fuel is made from crude oil. This accounts for approximately 40% of an airline’s operating costs.

Pharmaceutical and medical sectors also affected

Even the healthcare sector is not untouched by it. Petrochemical based plastics and chemicals are used in making many pharmaceutical products. Increase in crude oil prices may increase production costs.

Where is crude oil used?

Apart from fuel, crude oil is a major raw material in many industries. It is used to make plastics found in everyday items such as bottles and electronic devices. Petroleum based chemicals are very important for making fertilizers and pesticides in farming. Along with this, there is a lot of dependence on things made from crude oil in the cosmetic industry.

Even the clothes we wear are made from petroleum based fibres. Apart from this, lubricants like engine oil and grease, which help the machines to run properly, are also made from crude oil.

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The ongoing war between America and Israel with Iran in the Middle East does not seem to be cooling down. Now meanwhile, the US President’s statement has increased the heartbeat again. Trump has talked about attacking Iran’s Kharg Island for fun. Apart from this, he has appealed to other countries to send their warships to the Strait of Hormuz.

According to The Guardian, Trump, while talking to a news channel, said that he can attack Iran’s oil bases again, just for fun. While talking to an American news channel, he said in a very strict manner that the American attacks have completely destroyed a large part of the oil export center located on Kharg Island. We can attack it a few more times just for fun. Trump’s statement made in such a different style remains in the news. Earlier he had said that America was only targeting military bases. At present the Trump administration is in no mood for any kind of talks.

World oil crisis deepened due to Middle East war

Here, the war breaking out in the Middle East has thrown the world into the fire of oil shortage. Iran has closed the Strait of Hormuz amid the attacks. It is from here that oil is imported and exported all over the world. Trump has also made a post on his social media Truth. He has clearly told the countries of the world that they should not just sit idly by. Make it safe by sending your warship. It has also been said that the responsibility for security lies with the countries that buy oil from here. America is ready to support this work.

Even Iran is not ready to sit silent amid America’s threats. Iran Revolutionary Guards issued a statement on Sunday. He has claimed that Israel and three American bases have been attacked with missiles and drones. This is revenge for the death of the workers. Apart from this, a fragment of an Iranian missile had also fallen on a residential building of the American Consulate in Israel. However, there is no news of any damage due to this.

Turmoil in the global market, direct impact on the pockets of common citizens

Here, due to the war situation, there is a lot of turmoil in the global market. A direct impact is being seen on the pockets of common people also. There has also been a significant rise in the prices of aluminium. There is also a huge shortage in oil supply. The supply of about 3 lakh barrels of oil has been stopped.

More than 2 thousand people lost their lives in the war

Due to this war, more than 2 thousand people have lost their lives so far. Most of them are citizens of Iran. On Saturday too, 15 people lost their lives in an attack on a factory. In view of the situation, America has instructed its citizens to leave Iraq.

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The direct impact of the increasing conflict in the Middle East is visible on the Strait of Hormuz. Earlier this waterway was an important trade route of the world, now it has become a high risk zone. In the last few days, there have been drone and missile attacks on many ships here. Some tankers have been damaged and there is also news of the death of a crew member. The Strait of Hormuz is a narrow sea route located on the southern border of Iran, which connects the Persian Gulf to the Gulf of Oman and the Arabian Sea. About 20 percent of the world’s oil supply and a large amount of LNG passes through this route.

Every day about 15 million barrels of oil is exported through the Strait of Hormuz through this route. Saudi Arabia has the highest share in this (38 percent). Apart from this, Iraq (22 percent), UAE (15 percent), Iran (11 percent), Kuwait (9 percent) and Qatar (5 percent) are also dependent on this route. Apart from this, crude oil is also exported through the Strait of Hormuz, which includes China (33 percent), India (13 percent), South Korea (12 percent), Japan (11 percent), other countries (17 percent) and other Asian countries (14 percent).

Huge decline in ship traffic

According to Lloyd’s List, usually about 107 ships pass through this route every day, but on March 1, the movement of only 19 ships was recorded. While 22 supertankers had passed a day earlier, on March 1 this number came down to only 4. Even the ships passing by are moving very slowly. This is increasing transport time and putting pressure on the supply chain. In such circumstances, freight costs and insurance premiums increase, leading to a rise in oil prices.

Impact on India and China

India imports large quantities of crude oil and gas from Gulf countries, which comes through this waterway. If there is an interruption in supply, oil prices in India may increase, the rupee may come under pressure and there will be a danger of inflation increasing. China is also dependent on the Gulf, but it has pipeline connections to Russia and Central Asia and large reserves, which may give it some relief.

America’s role

The US Navy can provide security to convoys and deploy air defense systems in this area. This can reduce the risk to some extent, but it is not easy to avoid the risk completely.

Are Gold and Silver prices stuck between the world’s two largest economies? This metal war going on between Washington and Beijing has now become not just a war of trade but also a war of Power and Technology Control. Green Economy, Solar, EV and AI Chips are linked to Silver, where China’s strong hold is troubling America. At the same time, the financial war of Dollar vs Yuan has intensified through Gold. China’s gold buying spree and America’s defensive strategy are reshaping the world’s currency system. The question is – who will hold the keys to the Global Economy?

Indian Economy: A big good news has come for India before Budget 2026. The International Monetary Fund (IMF) has estimated in its latest data that India’s contribution to global economic growth in 2026 will be the second largest. China is at number one.

IMF said that in 2026, the share of India and China alone in global growth will be 43.6 percent. Just last year, India overtook Japan to become the world’s fourth largest economy in terms of nominal GDP.

Elon Musk said this

Although America is still the world’s largest economy in terms of total size, now India is on the verge of competing with it. With the latest growth rate (6.2 to 7.3 percent depending on the sector), it is now contributing more to the total global growth than any other country except China. In this regard, the world’s richest man Elon Musk believes that the global economy is entering a new phase. He has written in his official account on X, “The balance of power is changing.” This list puts India ahead of the United States in terms of contribution to global economic growth for 2026.

Top 10 contributors to global real GDP growth (2026)

1． China — 26.6%
2． India — 17.0%
3． United States — 9.9%
4． Indonesia — 3.8%
5． Turkey — 2.2%
6． Nigeria — 1.5%
7． Brazil — 1.5%
8． Vietnam — 1.6%
9． Saudi Arabia — 1.7%
10． Germany — 0.9%…

— World of Statistics (@stats_feed) January 31, 2026

America at number three

IMF data shows that China and India together will contribute about 44 percent to global real GDP growth. This clearly shows that the pace of economic growth is now moving towards the East instead of the West. At the top of the list is China, which is expected to contribute 26.6 percent to the global real GDP growth in 2026. India is right behind it with a share of 17 percent. United States is at number three. Its estimated contribution is 9.9 percent, which is less than a quarter of the total contribution of China and India.

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Gold and Silver reaching record levels is not just a story of jewelery demand. This rally is a reflection of the future of the world. Economic Survey 2025–26 It has been clearly stated that this is not just an inflation-driven move, but a strong signal of global insecurity, geopolitical risks and financial instability. Survey gold-silver ko one “global risk barometer” Today, weak dollar, negative real interest rates and geopolitical tensions are pushing prices. Ye metals record making original global order shift Looks like markets have already priced-in higher uncertainty. For India, in such an environment manufacturing and exports Can be the key to long-term stability.