Impact of war on petrol prices

The ongoing conflict in Gulf countries has impacted fuel prices worldwide, leading to a significant increase in petrol rates across India. The “Power” petrol price has risen by ₹2.26 per litre, reaching ₹115. Reduced petrol and diesel imports from the Gulf, coupled with insufficient supply to meet growing demand, are driving these price hikes. Consumers are likely to feel the pinch as petrol and diesel prices continue to climb in the coming days.

Experts warn that geopolitical instability, coupled with demand-supply mismatches, could keep fuel prices volatile. Authorities are monitoring the situation closely, but short-term relief is uncertain. With transport and logistics costs rising, this surge may indirectly impact essential commodities as well, affecting households nationwide.