The fire of war flared up again between America and Iran, crude oil jumped 11% in a week, did the price of petrol and diesel change in the country?
Rising military tensions between the US and Iran have led to Brent crude prices reaching close to $88 per barrel, their biggest weekly gain since April. The potential for oil supply disruptions through the Strait of Hormuz has heightened market concerns. Despite this, petrol and diesel prices in India remained unchanged on July 19th.
RJ Kesari News Desk: International crude oil prices have seen a significant increase this week. This is primarily due to the escalating military tensions between the United States and Iran.
Frequent attacks between the two countries have raised concerns about oil supplies in the Middle East. This impact is clearly visible on the global oil market. However, it is a matter of relief that petrol and diesel prices in India remained unchanged on July 19th.
State-owned oil companies have maintained petrol and diesel prices unchanged. Petrol and diesel prices in the country were last revised on May 25, 2026. Prices have remained stable since then.
Oil prices in major cities
City petrol price Diesel Price
New Delhi ₹102.12 ₹95.20
Kolkata ₹113.51 ₹99.82
Mumbai ₹111.21 ₹97.83
Chennai ₹107.77 ₹99.55
Gurugram ₹102.97 ₹95.64
Noida ₹102.12 ₹95.56
Bengaluru ₹111.68 ₹99.56
Bhubaneswar ₹108.97 ₹100.68
Chandigarh ₹101.54 ₹89.47
Hyderabad ₹115.73 ₹103.82
Jaipur ₹112.69 ₹97.78
Lucknow ₹101.59 ₹95.06
Patna ₹113.43 ₹99.44
Thiruvananthapuram ₹114.52 ₹103.38
Why is crude oil becoming expensive?
The conflict between the US and Iran has escalated to a more serious level. Both countries are targeting each other's military bases as well as vital infrastructure such as bridges, power systems, and ports. This has increased the risk of disrupting oil flows in the Middle East.
The Strait of Hormuz is of greatest concern. It is one of the world's most important oil routes, and large quantities of crude oil travel through it to various countries. If supply is disrupted, oil prices could rise further in the international market.
Big rise in Brent crude
Amid a week of tensions, Brent crude prices rose by nearly 4.6 percent on Friday, surpassing $88 per barrel.
This is believed to be its biggest weekly gain since April. Crude oil has risen 11% in the past week. Experts say investors fear that a prolonged war could disrupt oil supplies. This fear has led to the rise in crude oil prices.
Why have petrol and diesel prices not increased in India yet?
In India, retail prices of petrol and diesel are determined by state-owned oil marketing companies (OMCs). Despite the rising international crude oil prices, companies have not yet made any changes to domestic prices, providing relief to the public.
However, India imports most of its crude oil needs from abroad. Therefore, if oil prices remain high in the international market for a prolonged period, this could impact petrol and diesel prices in the future.