India’s oil price increase was lowest among countries post-Iran war:Pakistan saw the second-biggest spike – know nation-wise hike

The US-Iran war has caused petrol prices to rise across the world. Since the time the war had begun in February 2026, oil supply routes have faced severe disruptions. This had made crude oil much more expensive. According to data from the data-tracking website ‘GlobalPetrolPrices,’ different countries have reacted to this crisis in different ways. Countries that let market forces decide their fuel prices saw a very fast jump in rates. On the other hand, countries where governments control prices or give subsidies saw a much smaller increase. How countries compare: Many major economies have faced big, double-digit percentage jumps in petrol prices. For example, people in Malaysia and Pakistan are now paying over 50% more for petrol than the pre war era period. The United States and Sri Lanka have also seen prices jump by more than 30%. Pakistan sees world’s 2nd-highest spike in petrol prices during Iran war: The price of petrol in Pakistan currently stands at PKR 409.78 per liter or ₹145.64 per litre. After Malaysia, fuel rates have seen 2nd highest upward revision in the world in Pakistan during Iran war. In Western Europe, countries like France and Germany already had very high petrol prices due to heavy taxes. Since the war began, their prices have gone up by another 16% to 17%, making fuel even more expensive there. Petrol prices in India up over 4% since Iran war Meanwhile, India only hiked rates very late. The government had hiked rates by ₹3 per liter in case of both petrol and diesel. This was the first increase in over 4 years. Later on the Centre had again hiked rates by 90 paise a litre. The government of India and its oil companies had ealier absorbed most of the rising costs of crude oil instead of passing on directly to the citizens. As a result, petrol prices in India rose by only around 4% during this period. India witnessed a relatively much lower hike in petrol and diesel prices as compared to neighbouring and several other countries following the Strait of Hormuz blockade-led global oil supply disruption. Most of the countries passed on the increase in crude oil prices directly to consumers, while India practised restraint. A part of the increase in global crude oil prices during the Hormuz disruption was absorbed through government revenue adjustments and support from oil marketing companies. Petroleum Minister Hardeep Singh Puri had earlier said that the fuel retailers had to absorb a loss of ₹24 per litre for petrol and ₹30 per litre for diesel on the sale of mobility fuel. Which states levy highest tax on fuel in India? Fuel prices also vary across Indian states due to differences in Value Added Tax (VAT) rates imposed by state governments. According to the data by the government, Andhra Pradesh, Telangana and Kerala were among the states with relatively higher VAT, translating into higher petrol and diesel prices, while Gujarat, Uttar Pradesh, Delhi, Haryana, Goa and Assam recorded comparatively lower fuel prices because of lower VAT rate How much oil prices rose during Iran war? International Brent crude oil prices have surged sharply since the disruption, touching $126 per barrel and currently trading around 105 per barrel as global energy supply chains faced pressure and oil inventories were tightened. Before the US and Israel’s first military strike, Brent traded at $70 per barrel. At its peak, the oil prices rose 80% during the Iran war. Oil-rich country Saudi Arabia which is self sufficient in oil production, saw no change in domestic petrol prices. European country Malta has also not raised the rates. Petrol prices compared: