India’s state-run refiners have raised fuel prices for the first time in four years, as New Delhi yields to crude prices pushed higher by the war in Iran, and to the resulting financial pressures battering its processors.
Markets Facebook X LinkedIn Email Link Gift Expand An attendant refuels a motorcycle at a gas station in Noida, Uttar Pradesh, India.
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Send a tip to our reporters Site feedback: Take our Survey New Window Facebook X LinkedIn Email Link Gift By Rakesh Sharma and Ruchi Bhatia May 15, 2026 at 1:55 AM UTC Updated on May 15, 2026 at 4:04 AM UTC Bookmark Save India’s state-run refiners have raised fuel prices for the first time in four years, as New Delhi yields to crude prices pushed higher by the war in Iran, and to the resulting financial pressures battering its processors.
Diesel and gasoline prices rose by over 3% — a modest increase in the context of an almost 50% increase in Brent crude since the conflict began. Diesel will cost 90.67 rupees a liter, gasoline will be priced at 97.77 rupees a liter in New Delhi. Prices are now the highest since May 2022.
