India has seen a significant increase in petrol and diesel prices after four years.According to international media reports, Indian state-owned oil refineries have recently increased fuel prices. The main reason for this rise is said to be fluctuations in global crude oil prices and ongoing geopolitical tensions in the Middle East, which have increased pressure on the energy supply chain.
Reports indicate that prices of both petrol and diesel have been raised by more than 3 percent. Experts say that although global crude oil prices have increased by nearly 50 percent, the impact on consumers in India has been kept relatively limited.
Under the new rates, diesel in India’s capital New Delhi has reached 90.67 rupees per litre, while petrol has risen to 97.77 rupees per litre, the highest level since May 2022. Following this increase, there are concerns about further rises in transport and food prices.
Economic experts say that instability in the global energy market and tensions in the Middle East—particularly the situation related to Iran—have affected crude oil prices, and these effects are now reaching South Asian economies. According to them, fluctuations in fuel prices directly impact the economy of a major importing country like India.
Analysts warn that if global crude oil prices remain at current levels or increase further, petrol and diesel prices in India may rise even more in the coming days. In such a situation, not only ordinary consumers but also the transport, agriculture, and industrial sectors could be severely affected.