Diesel and premium petrol prices hiked amid US-Israel-Iran war; What will be its impact on Indian consumers?
New Delhi: The prices of diesel and premium petrol have been hiked in view of the global fuel crisis, precipitated by the ongoing US-Israel-Iran War in the Persian Gulf region. Earlier in the day, the price of premium petrol was raised by up to Rs 2.35. The renewed rates of premium petrol and diesel will come into effect from Friday, 20 March 2026. The development has come amid disrupted global energy supplies due to the military conflict as mentioned above. Iran has stopped the passage from the Strait of Hormuz, which accounts for the transportation of about 24% of the world’s energy needs. About a couple of weeks ago, the prices of LPG, PNG, and CNG had been hiked due to short supply and high demand.
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