India’s Crude Oil Backup: Due to new military attacks between Iran and America, the fear of stopping the energy supply through the Strait of Hormuz has once again increased. However, India is now in a better position to deal with this crisis than before. Not we, but experts are saying this. Industry experts say that even if there is a disruption in supply this time due to the renewed war between the two countries, India’s position on energy supply is expected to be stronger than in the previous period.

According to the Business Standard report, a senior refinery official said, “Fuel prices will increase sharply if Hormuz is closed again.” The cost of fuel imports is also likely to increase in September and October. However, this time the situation is much better. The deal on supply of crude oil till August has already been finalized. Arrangements for LPG import have also been made. However, some problems may have to be faced in the case of LNG, but they can be handled.

India increased sources of energy supply

India is rapidly increasing its sources of energy supply. Compared to earlier 27 countries, now oil and gas is supplied to India from 41 countries. At present, India’s largest crude supplier is Russia. Apart from this, India also imports crude from America and West African countries. Earlier, up to 45% of oil and gas was imported into India through Hormuz. Now under the emergency strategy it has been reduced to 30%.

Santosh Kamath, managing director of Alvarez & Marsal, said, “In the long term, we need to further diversify our energy sources and strengthen domestic energy security through measures such as greater electrification of transport and increased use of biofuels. However, these measures will take time to meaningfully reduce dependence on fossil fuels.”

India has strong reserves

Union Petroleum and Natural Gas Minister Hardeep Singh Puri has said that India has 60 days of stock of crude oil and 60 days of inventory backup of LNG to meet the domestic consumption needs to deal with any emergency. India also has 45 days advance LPG stock available. On top of this, the refineries in the country have also been upgraded a lot so that any grade of crude comes from any corner of the world, there is no problem in cleaning it.

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Petrol-Diesel: Today, on Saturday, May 23, the prices of petrol and diesel were increased again in the country. Petrol has become costlier by 87 paise, while the price of diesel has increased by 91 paise. This is the third time in the last 10 days that fuel prices have been increased. Due to this people have suddenly become shocked.

Long queues are being seen at petrol pumps in all parts of the country, people are gathering at fuel stations to get the tanks of their vehicles filled. Seeing the increasing crowd, people are becoming more nervous. Now Indian Oil has given its clarification on this.

Then why is the price increasing?

The company has said that there is no shortage of petrol and diesel in the country, the problems being seen at some places are for a temporary period. According to Indian Oil, currently the harvesting season is going on, due to which the demand for diesel has increased. Apart from this, due to high prices at some private petrol pumps, the customers there have shifted towards government pumps.

Big institutional buyers are also taking fuel from PSU pumps these days because the prices of bulk supply are very high as per the international market. Due to all these reasons, demand has suddenly increased in certain areas.

Supply normal amid increasing demand

Indian Oil said that between May 1 and 22, 2026, the company’s petrol sales have increased by 14 percent and diesel sales by about 18 percent as compared to last year. Despite such high demand, the company is maintaining supply across the country. The company has more than 42,000 retail outlets across the country and stock is normal at most of the pumps.

Petrol & Diesel Price Today on May 5: Recently, the prices of commercial LPG cylinders in the country have increased by a huge amount of Rs 993. In such a situation, the question arises whether after the increase in the price of gas cylinder, now it is the turn of petrol and diesel?

Let us tell you that these days oil marketing companies (OMCs) are in talks with the central government to increase the prices of petrol and diesel because they are incurring losses on selling fuel retail. To compensate for this loss, government companies are planning to increase fuel rates.

How much can the price increase per liter?

MoneyControl report quoted a senior government official as saying, “OMCs are incurring losses on the sale of petrol, diesel and LPG and are in constant touch with the Petroleum Ministry and the Finance Ministry, with whom discussions are going on regarding the price increase.” Another government official was quoted as saying that the prices may increase by Rs 2-4 per liter.

Why may prices increase?

Due to increasing tension between Iran and America and the ongoing crisis in West Asia, the prices of Brent crude oil has crossed $ 126 per barrel. Because of this companies are incurring losses.

The government is trying to avoid this increase in prices so that inflation does not increase in the country. There has been no major increase in the prices of petrol and diesel for the last four years. At present, after the completion of assembly elections in four states, it is being estimated that the increase in fuel prices is just a matter of time.

Petrol-diesel rate today

City	Petrol price (per litre)	Diesel price (per litre)
Delhi	Rs 94.77	Rs 87.67
Mumbai	Rs 103.54	Rs 90.03
Kolkata	Rs 105.45	Rs 92.02
Chennai	Rs 100.80	Rs 92.39
Bengaluru	Rs 102.92	Rs 90.99
Dehradun	Rs 93.17	Rs 88.01
Gangtok	Rs 103.35	Rs 90.45
Goa Panaji	Rs 95.51	Rs 88.07
Guwahati	Rs 93.23	Rs 89.46

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