Petrol Diesel Price: Due to the ongoing war between US-Iran, the prices of crude oil are increasing globally. Due to which the prices of petrol, diesel and gas are increasing. Due to which the common man is getting troubled but now once again the government has increased the tension of the common man. It has been told by the government that oil companies are incurring losses even after increasing the fuel prices. Seeing this, it seems that the prices are going to increase further in the coming time.

Petroleum Ministry statement
In fact, recently the Petroleum Ministry has held a media briefing, in which it has been told that government oil companies are incurring a loss of about Rs 30 per liter on diesel, Rs 6 per liter on petrol and about Rs 700 on domestic LPG cylinder. Putting all these together, companies are facing losses of Rs 600-700 crore every day.

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In the press conference, Additional Secretary of Petroleum Ministry, Praveen Mal Khanuja said, ‘There is a loss of about Rs 30 per liter on diesel. In Delhi, when you buy diesel for Rs 95, the company actually bears the remaining Rs 30, and in the case of petrol this loss is still around Rs 6 per litre. The daily loss is still around Rs 600-700 crore.

The reason is the blockage in the Strait of Hormuz
There is a blockage in the Strait of Hormuz due to the Iran-US war, due to which the prices of crude oil have increased in the global market. This has also affected India’s government oil companies (OMCs), because they are selling fuel at relatively lower prices to domestic consumers. This has increased the financial pressure on these companies.

Meanwhile, let us tell you that on June 7, government oil companies have increased the price of domestic LPG cylinder by Rs 29. This is the second time since the beginning of the crisis in the Middle East, that the prices of LPG have been increased.

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Cheap Fuel News: To provide some relief to the people from the rising prices of petrol in the country, the government has prepared a cheaper option for it. This cheaper option is E-85 fuel. Whose first station has been opened in Delhi. Its sale has started, this fuel is cheaper by about Rs 20 per liter compared to normal petrol, but the surprising thing is that till now no one has come forward to buy it.

What is E-85 fuel?
E-85 is a fuel which contains a mixture of 85 percent ethanol and 15 percent petrol. The government has been promoting ethanol based fuel for a long time, so that dependence on crude oil imports can be reduced and pollution can also be controlled.

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Sales are not happening despite low price
However, despite the low price, there is no enthusiasm among customers regarding E-85. The biggest reason for this is that E-85 cannot be used in vehicles running on normal petrol. For this, vehicles with special type of flex-fuel engine are required, which are currently available in very small numbers in the Indian market.

lack of information
Moreover, most vehicle owners do not have adequate knowledge about E-85 fuel. Many people do not know what this fuel is and in which vehicles it can be used. For this reason, despite E-85 being available at petrol pumps, demand has not been created.

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Number of flex-fuel vehicles
Unless the number of flex-fuel vehicles increases and awareness about this fuel increases among people, there is little possibility of its sales increasing. The government and auto companies are working on plans to promote flex-fuel vehicles in the coming years. In such a situation, the demand for E-85 fuel may increase in future.

Cheapest Petrol In India: Consumers across India are keeping a close eye on petrol and diesel prices amid growing concerns over fuel supply and price fluctuations due to ongoing tensions in the Middle East. What many people do not know is that fuel prices can vary greatly from one state to another. Let us know where the cheapest petrol is available in India and why there is this difference in prices.

cheapest fuel in india

The lowest prices of petrol in the country are found in Andaman and Nicobar Islands. The price of petrol here is around ₹ 82.46 per liter. With this, the price of diesel is around ₹ 78.05 per liter. The main reason behind these low prices is the reduction in local taxes and better supply system.

Other states with low petrol prices

Petrol prices are also very low in areas like Daman and Diu, Dadar and Nagar Haveli. The price here is around ₹92-₹93 per litre. Similarly, Arunachal Pradesh and Uttarakhand are also included in those states where fuel is cheap. At the same time, prices remain normal to a large extent in areas like Haryana, Chandigarh and Punjab.

The biggest reason for the difference in prices

The main reason for the difference in prices is value added tax. Because petrol and diesel do not come under the purview of GST, every state imposes tax accordingly. Some states levy value added tax as low as 15% to 20% and some states levy value added tax as high as 35%. Because of this there is a huge difference in prices.

Transport and freight

Fuel is transported from refineries to different parts of the country. In states which are far from the refinery or where the terrain is difficult, the cost of transportation is higher. This ultimately gets added to the retail price of petrol and diesel.

dealer’s commission

Petrol pump dealers earn commission on every liter sold. Although this difference is not much. But despite this, slight differences in prices in different states and areas can affect the final price at the pump.

Apart from all this, some states also impose additional fees. Like pollution cess, road development tax or social welfare cess. Due to these additional charges, the retail price of fuel increases in some areas.

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Amidst the ongoing tension in the Middle East, the market of rumors is constantly hot in India. There are reports of shortage in the prices and supply of petrol, diesel and LPG gas in the country. Meanwhile, the government has given a big statement on Friday (March 27, 2026) regarding the supply and shortage of oil and gas. The government said that there is no shortage of oil in the country and the supply is lined up for the next 2 months.

In the joint press conference of the Ministry of Petroleum, External Affairs and Shipping of the Government of India, it was said that 70 percent of the commercial LPG supply in the country has been restored and 30 thousand tonnes of gas has been given to commercial consumers. Apart from this, 30 thousand cylinders of five kg each have also been given. We have petrol and diesel in adequate quantity, LPG-PNG is available, there are queues at petrol pumps just because of rumours.

All citizens present in the Gulf safe within 24 hours: Government

All Indian citizens are safe in the Gulf region in the last 24 hours. In the last two days, after LPG, panic is being spread about petrol and diesel and rumors are being spread whereas the truth is that there is no shortage of petrol and diesel.

What did the government say on lockdown?

It has been told in the press briefing that there is no need for lockdown. There is no decision that there will be a lockdown and no such consideration has been made.
There are one lakh petrol pumps in the country, out of which 91,000 are of PSU, there is adequate amount of oil in the country and there is no shortage anywhere. I have said less than two months’ stock, we have two months’ supply available. Apart from this, we have adequate amount of fuel available.

Oil prices will be monitored: Government

The government said that due to the ongoing war and conflict in the Middle East, the price of crude oil has increased significantly in the international market. During this time, the government also gave information about reduced duty on petrol and diesel. It was also said that the government will come up with a mechanism by which the rates can be monitored every 15 days.

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Amidst the ongoing conflict and tension in the Middle East, the dates for the assembly elections to be held in many states of India have been announced. Meanwhile, Leader of Opposition in Lok Sabha and Congress MP Rahul Gandhi has made a big prediction. He said that after the elections, the prices of petrol, diesel and LPG gas cylinders will increase rapidly in the country.

What did Rahul Gandhi say in X post?

Actually, Congress MP Rahul Gandhi has shared a post on social media platform X on Saturday (March 21, 2026). In the post, Rahul Gandhi has targeted the Modi government at the Center over the weakening of the Indian rupee against the US dollar.

The weakening of the rupee towards 100 against the dollar and the sharp rise in the prices of industrial fuel – these are not just figures, but clear signs of the coming inflation.

The government may call it “normal”, but the reality is this:

• Production and transportation will be expensive
• MSMEs are hurt the most…

—Rahul Gandhi (@RahulGandhi) March 21, 2026

He wrote in the post, ‘The weakening of the rupee against the dollar and moving towards 100 and the sharp increase in the prices of industrial fuel, these are not just figures, they are clear signs of the coming inflation.’ He said, ‘The government may call it normal, but the reality is that production and transport will be expensive, MSMEs will be hurt the most, prices of everyday items will increase and FII (Foreign Institutional Investor) money will come out more rapidly, which will increase pressure on the stock market. That means it is sure to have a direct and deep impact on the pockets of every family. And it is only a matter of time that after the elections the prices of petrol, diesel and LPG will also be increased.

Modi government is just making statements: Rahul Gandhi

Leader of Opposition in Lok Sabha Rahul Gandhi further said, ‘Modi government has neither direction nor strategy – only rhetoric. The question is not what the government is saying – the question is what is left in your plate.

Oil crisis increasing worldwide due to Iran-Israel war

Due to Iran’s war with Israel-America, the crude oil supply of many countries around the world has been significantly damaged. The prices of petrol and diesel have been increased in about 95 countries of the world. However, till now there has been no increase in the prices of regular petrol and diesel used by common people in India. However, oil companies have definitely increased the prices of premium petrol and industrial diesel in the country.

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A good news has come for India amid the blockade imposed by Iran on the movement of crude oil, gas and commercial ships to countries around the world through the Strait of Hormuz. In the coming days, two LPG tankers carrying the Indian national flag are preparing to pass through the Strait of Hormuz. Earlier, after a phone conversation between External Affairs Minister S Jaishankar and Iranian Foreign Minister Araghchi, two Indian ships had come out of the Strait of Hormuz. However, no tanker loaded with crude oil has passed through this route in the last 24 hours.

Both Indian tankers are standing anchored in the Gulf area.

Aljazeera, quoting data analytics firm Kpler, has reported that these two Indian flagged LPG tankers are currently anchored in the waters of the Gulf region and are waiting for the situation to improve. An empty crude oil tanker, which is subject to US sanctions, returned to Iranian waters through the Strait of Hormuz on Wednesday (March 18, 2026).

Strait of Hormuz is very important for the world

The Strait of Hormuz is one of the most important sea routes in the world. This sea route connects the Gulf country’s waters with the Indian Ocean, where about 20 percent of the global oil supply passes through this route. In such a situation, any kind of problem or obstruction in this area can have a direct impact on international oil prices and supply.

Iran has imposed blockade in the Strait of Hormuz

Since the beginning of the war with Israel and America, Iran has completely blockaded the Strait of Hormuz sea route. Iran is targeting ships of every country in the world passing through this route with its drones and missiles. However, Iran has allowed Indian oil and gas tankers to pass through the Strait of Hormuz.

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After the increase in the prices of premium petrol, now industrial diesel (Diesel Price Hike in India) has also become expensive. Indian Oil Corporation (IOC) has made a major revision in the rate of industrial diesel, increasing it from ₹ 87.67 per liter to ₹ 109.59 per liter. After this decision, it is expected that the industrial sector, logistics and transport costs will be affected.

Industrial diesel is not sold at common petrol pumps. It is purchased directly by factories, big generators, mining companies, construction sites and power plants. Earlier, oil companies had increased the prices of branded and high-octane category premium petrol by about ₹ 2 per liter. However, at present there has been no change in the prices of normal petrol, which has provided immediate relief to the common consumers.

Inflation will increase due to increase in fuel prices

According to economic analysts, if this trend in fuel cost continues, its effect may gradually be visible on inflation and supply chain as well. At present, the market’s eyes are on international oil prices and the next decisions of oil companies. Energy market experts say that this increase is a sign of instability in the global crude oil market and increasing concern about supply. The ongoing conflict in the Middle East has increased pressure on the global energy supply chain, increasing costs for oil companies. For this reason, prices have been revised in select fuel categories.

Increase in price of industrial production will affect common people

However, it is a matter of relief for the common consumers that there has been no change in the prices of normal petrol and diesel at present. Analysts believe that the impact of such increase in fuel cost may indirectly reach the common consumers as well. When industrial production and freight transportation become expensive, its effect is ultimately reflected in the prices of goods and services, which can lead to upward pressure on inflation.

India imports a large part of its oil needs, hence fluctuations in the international market have a direct impact on domestic fuel prices. At present, the common motorists have definitely got immediate relief due to the stable prices of petrol and diesel, but the possibility of further changes cannot be ruled out amid the uncertainty of the energy market.

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