---
title: "India raises fuel prices again amid global oil surge"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287050867.md"
description: "India has raised fuel prices again, with petrol and diesel increasing by about 0.9 rupees per litre, following a ₹3 hike last week. This marks the first increase in nearly four years, driven by global tensions that have pushed crude prices above $110–$120 per barrel. Economists warn that these hikes could raise retail inflation by up to 25 basis points, impacting transport, food, and household expenses."
datetime: "2026-05-20T10:51:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287050867.md)
  - [en](https://longbridge.com/en/news/287050867.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287050867.md)
---

# India raises fuel prices again amid global oil surge

Second hike in week: Petrol and diesel prices rose by about 0.9 rupees per litre, following a ₹3 hike last Friday — the first increase in nearly four years. Global tensions push costs: Escalating conflict involving Iran has disrupted the Strait of Hormuz, pushing crude prices above $110–$120 per barrel and increasing import costs for India. Inflation fears grow: Economists warn the hikes could raise retail inflation by up to 25 basis points, pressuring transport, food, and household expenses.

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