Will Fuel Price Rise in India Soon Amid the Closure of the Strait of Homruz? I US-Iran War

The prices of petrol and diesel are likely to surge upto ₹5 per litre amid rising global crude oil rates, according to government sources.

This comes after PIB on Wednesday dismissed social media claims of an alleged government-issued order for a "hike in petrol and diesel prices by ₹10 and ₹12.50, respectively".

"An order circulating on social media claims to be issued by the Ministry of Petroleum and Natural Gas, stating that petrol and diesel prices have been increased by ₹10 and ₹12.50, respectively,” PIB said on X, whilst adding, "This order is #FAKE. The Government of India has NOT issued any such Order.”

Meanwhile, domestic LPG cylinders could become costlier by Rs 40–50 per cylinder, making it the first major fuel price hike in nearly four years, as per official sources.

International crude recently have climbed to around $120–126 per barrel and remains elevated beyond $100 per barrel mark.