Gandhinagar: Fuel prices across the country have been increased for the second time in less than a week amid the ongoing Iran conflict, with oil marketing companies on Tuesday raising petrol and diesel prices by nearly 90 paise per litre.

The latest hike comes just three days after an earlier increase of ₹3 per litre announced on May 15. Following that revision, petrol prices in Delhi had risen from ₹94.77 to ₹97.77 per litre, while diesel increased from ₹87.67 to ₹90.67 per litre.

With Tuesday’s revision, petrol prices in the national capital have increased by another 87 paise and are now retailing at ₹98.64 per litre. Diesel prices in Delhi also rose by 91 paise to ₹91.58 per litre.

In Gujarat’s capital Gandhinagar, petrol is now priced at ₹98.56 per litre, while diesel has climbed to ₹94.40 per litre. In Ahmedabad, petrol prices stand at ₹98.33 per litre and diesel at ₹94.10 per litre.

Fuel prices in major cities

In Mumbai, petrol prices increased by 91 paise to ₹107.59 per litre, while diesel rose by 94 paise to ₹94.08 per litre. Kolkata registered the sharpest petrol hike of 96 paise, taking the price to ₹109.70 per litre, while diesel climbed by 94 paise to ₹96.07 per litre. In Chennai, petrol became costlier by 82 paise and is now priced at ₹104.49 per litre, while diesel rose by 86 paise to ₹96.11 per litre.

Iran conflict driving global oil volatility

The ongoing conflict in West Asia has significantly disrupted global oil supply chains, leading to fluctuations in international crude markets. Since India relies heavily on imported crude oil, global price movements have a direct impact on domestic fuel rates.

According to a May 18 report by the Petroleum Planning and Analysis Cell (PPAC), crude oil prices in the Indian basket surged sharply amid the Middle East conflict. Average crude prices increased from $69.01 per barrel in February 2026 to $110.73 per barrel by May 15, marking a rise of 60.45 per cent over 81 days.

India imports more than 85 per cent of its crude oil requirements and nearly 60 per cent of its LPG demand. Previously, nearly 40 per cent of crude oil and 90 per cent of LPG imports reached India through the Strait of Hormuz.

However, escalating tensions involving the United States and Iran have reportedly disrupted cargo movement through the Strait, resulting in a sharp increase in India’s crude import expenditure, which has risen by over 60 per cent.

Reports suggest that the earlier ₹3 per litre increase was insufficient to offset mounting losses faced by oil marketing companies, which had reportedly held prices steady for nearly 10 weeks despite rising procurement costs. As financial pressure intensified, fuel rates were revised last week and again this week. DeshGujarat