‘Govt may again raise petrol diesel prices in India’:Companies double oil supply areas to avoid shortage; fuel rates up 5% since Iran war

A further hike in retail fuel prices may be unavoidable if current global energy disruptions continue, news agency, PTI quoted Raj Kumar Dubey, Director HR at Bharat Petroleum Corporation Ltd, as saying. Now, there are two or three options open. One is the price hike, or the hike should be visible at the petrol pumps either there, or the petroleum companies take up the losses and make up more and more losses. And the third is the government funds through deficit financing. -Raj Kumar Dubey, Director HR, BPCL Dubey said that if countries keep targeting energy infrastructures, then, fuel prices will keep on rising. E20 flexi fuel avoided fuel shortage in India: BPCL Dubey called the 20% ethanol blending initiative ‘a very proactive stand’, and added that without it, India could have faced 20% more shortage of petrol. Energy companies rapidly expanding oil supply points: Dubey said that BPCL and Indian energy companies have expanded sourcing significantly. Earlier, we used to have only 20 supply points. From 20, we have gone to 40 supply points now, which includes Russia also. To that extent, the diversified supply lines are giving us enough security. -Raj Kumar Dubey, Director HR, BPCL How much fuel prices increase in India since Iran war? Petrol prices were hiked by 87 paise per litre, and diesel prices by 91 paise per litre on Saturday, 23 May, 2026. This was the third increase in prices of petrol and diesel in the preceding 10 days. Currently, petrol costs ₹99.51 per litre in New Delhi. Similarly, diesel costs ₹92.49 per litre in the national capital. How Much Fuel Prices Increase Since Iran War? Note: Prices are specific to New Delhi Continuous fuel price hike Since 15 May, state-owned oil companies have started passing on the elevated energy prices arising from the West Asia conflict in a calibrated manner. Prices were hiked by ₹3 a litre on 15 May, followed by a 90 paise increase on May 19. In all, rates have gone up by almost ₹5 per litre.