Petrol & Diesel Price Today: As tensions increased in West Asia after the attack on Iran, people’s concerns increased about a possible increase in the prices of petrol and diesel. However, despite the sharp rise in crude oil prices globally, it has not yet affected the prices of petrol, diesel and gas in major cities of the country. The Indian government said that now they are not only dependent on Qatar for gas, but new markets are being searched. Those markets are being turned where there is no impact of war. Many countries including Australia have also offered gas.
Meanwhile, news agency Press Trust of India (PTI) has quoted government sources as saying that at present, it is a matter of relief for consumers that there is no possibility of increase in prices in the near future.
What effect does Middle East tension have on oil?
The government has adopted a strategy in which oil companies can increase their profits when international oil prices fall, whereas when prices rise in the global market, the companies protect the interests of consumers by bearing the burden for some time. According to the report of global financial services company Nomura, currently oil marketing companies are bearing the impact of increased crude oil prices themselves and are not passing it on directly to consumers.
A sharp rise in crude oil prices has been seen so far amid geo-political tensions. After the attacks by the United States and Israel on Iran, the global standard Brent Crude has increased by about 16.8 percent, while West Texas Intermediate (WTI) has registered an increase of about 14 percent.
On the other hand, in view of the tension in the Middle East and its own needs, India has started importing oil from Russia again. According to reports, due to disruption in oil supply from the Middle East, India has now opened its doors for Russian oil. India imports about 90 percent of its oil needs and recently increased its purchases of oil from the Middle East instead of Russia. But, due to the situation arising due to Iran War, to avoid trouble, we have turned to Russian crude oil.
Petrol and diesel prices in major cities on March 5, 2026
- Delhi: Petrol Rs 94.77/litre, Diesel Rs 87.67/litre
- Hyderabad: Petrol Rs 107.46/litre, Diesel Rs 95.70/litre
- Bengaluru: Petrol Rs 102.92/litre, diesel Rs 90.99/litre
- Chennai: Petrol Rs 100.84/litre, Diesel Rs 92.39/litre
- Kolkata: Petrol Rs 105.45/litre, Diesel Rs 92.39/litre
- Lucknow: Petrol Rs 94.69/litre, Diesel Rs 87.81/litre
Also read: From cooking oil to saffron-pistachio… things have become expensive in India due to the war in Iran, problems of the common man have increased.
