What is the impact of the Iran war on petrol, diesel, and LPG prices in India?

Four petrol+diesel hikes + two CNG hikes in 12 days. May 15 (Day 76): Delhi petrol ₹94.77 → ₹97.77 (+₹3), diesel ₹87.67 → ₹90.67 (+₹3), CNG ₹77.09 → ₹79.09 (+₹2). May 19 (Day 80): petrol +87-99p, diesel +91-99p (Delhi petrol → ₹98.64). May 23 (Day 84): petrol +87p to ₹99.51, diesel +91p to ₹92.49, CNG +₹1 (rolled into ₹81.09). May 25 (Day 86): petrol +₹2.61 to ₹102.12, diesel +₹2.71 to ₹95.20 — steepest petrol+diesel move yet. May 26 (Day 87): IGL CNG +₹2 to ₹83.09/kg for Delhi NCR (MGL Mumbai followed). Cumulative since May 15: +₹7.35 petrol, +₹7.53 diesel, +₹6 CNG. LPG ₹913 held through all six revisions. Triggers: fortnightly-average crude for OMCs; rising input gas costs + USD appreciation for IGL. EU sanctions effective June 2 (T-7). Source: India TV News, BusinessToday, ZeeBiz.

India Energy Tracker — Live Oil, Fuel, War Impact Dashboard

Q: How many Indians are at risk in the Gulf region?

Approximately 9 million+ Indian nationals live and work in the Gulf — UAE (3.5M), Saudi Arabia (2.6M), Kuwait, Qatar, Oman, Bahrain. Since the war began Feb 28, 2026, 9.84 lakh passengers had returned from West Asia as of MEA's Apr 15 briefing — cumulative return traffic including routine travel, not solely conflict evacuees. On May 4, 3 Indian nationals were wounded at the Fujairah oil zone in an Iran drone strike — the first confirmed Iran-war injuries to Indians inside UAE.

Q: What is India's daily oil import bill during the war?

India's monthly oil import bill was about $17.5 billion in May 2026 at an Indian basket of ~$106/bbl — its wartime peak. Brent has since round-tripped: it eased to ~$73 after the June ceasefire, then rebounded to ~$85 when the war resumed in July. Pre-war average was ~$14.2 billion. India imports 89% of its crude — the third-highest dependency among major economies. On suppliers: no official PPAC country-wise breakdown has been published for June or July 2026, so a complete percentage split does not exist in public sources. What IS published (tanker-tracking estimates, not government data): Russia at a record 52-54% (~2.6 million bpd, Kpler/LSEG/Reuters); Venezuela ~4.6% and Saudi Arabia ~4.2% (LSEG, Jun 1-22). UAE (~500,000 bpd) and Iraq (~67,000 bpd, collapsed from about a fifth of imports) are published as volumes only, with no percentage. The remainder — including the USA and Africa — is not publicly broken down.

Today's Energy Snapshot --

Energy Shock Status: HIGH Brent slips to $103.43 (-1.06%) as rupee rallies to ₹95.73; Houthis strike Riyadh airport for a second straight day, killing one and injuring 11, while Iran's FM calls for diplomacy with Saudi Arabia.

62/100 HIGH

War resumed — MOU collapsed Jul 8 $729B forex buffer

Hormuz Traffic Sharply reduced A fraction of the pre-war ~129/day run-rate; CENTCOM blockade of Iranian ports in force. Exact current count not independently confirmed.

India Petrol (Delhi) ₹102.12 +16p Sep 22 4th P+D hike; CNG +₹2 May 26 → ₹83.09/kg.

OMC Daily Loss (absorbed) ₹1,700 Cr/day 14-day avg Brent, net of hike recovery · Gross at spot ₹2,150 Cr/day

Today's Headline Day 226: BRENT $103.43 (-1.06%), RUPEE ₹95.73 — RIYADH AIRPORT HIT AGAIN Brent $103.43 (-1.06%); rupee ₹95.73, OMC ₹1,700 Cr/day

Brent Crude

USD/barrel

🟡 Volatile

OilPriceAPI

WTI Crude

USD/barrel

🟡 Volatile

OilPriceAPI

USD / INR

Exchange Rate

🔴 Above normal

Yahoo Finance

Gold (24K)

₹/10g

22K: -- · Spot $--/oz

🔴 Above normal

IBJA-style · Yahoo

Natural Gas

USD/MMBtu

🟢 Stable

Yahoo Finance

India Crude Basket

USD/barrel (weighted)

🟡 Volatile

PPAC weighted avg

India Power Grid

Loading live demand + generation mix from MERIT INDIA…

Demand met (now)

— GW

—

Total generation

— GW

All fuels combined

Renewables share

—%

Solar + wind + hydro

Thermal share

—%

Coal + lignite base-load

Source: National Power Portal · real-time feed from MERIT INDIA (POSOCO). Refreshes every 2 minutes.

Commodity Price Trends

Brent $103.43 (-1.06%); rupee ₹95.73, OMC ₹1,700 Cr/day

Brent--

WTI--

90-Day High--

90-Day Low--

India Basket~$98-102

Pre-conflict (Sep 2025)~$72/bbl

Current spike--

India's pain threshold$80/bbl

OPEC+ target$80-90/bbl

Gold (Current)--

90-Day High--

90-Day Low--

Gold surges as safe-haven asset during conflictFlight to safety

India gold imports (Jan 2026)$12.1B (+192% MoM)

Impact on CADWidens deficit

Nat Gas (Current)--

90-Day High--

90-Day Low--

Qatar Ras Laffan LNG facilityDamaged

India LNG import share~50% of gas consumption

Petronet force majeureActive

Source: Brent, WTI: OilPriceAPI | Gold, Gas: Yahoo Finance | Chart: Yahoo Finance · See 5-year history →

India Fuel Prices

Retail prices held by policy controls + OMC absorption.

Petrol -- Rs/L Delhi

Diesel -- Rs/L Delhi

LPG -- 14.2 kg

CNG -- Rs/kg Delhi

ATF (Aviation Fuel)--

Other Cities

City	Petrol	Diesel	LPG	CNG

All 28 states + 8 UTs · ~788 cities See state-wise petrol & diesel prices →

Source: IOCL / PPAC, Ministry of Petroleum · See 5-year metro revisions →

Oil Import Dependency

89% imported — high exposure to global oil shocks.

89% of crude oil is imported

Top Suppliers

India imports 89% of its crude — 3rd-highest dependency globally. Gulf disruptions hit fuel prices, inflation and the trade deficit directly.

Source: PPAC, Ministry of Petroleum FY2024-25

Strait of Hormuz · Chokepoint

~40% of India's crude crosses Hormuz. Routes indicative.

21M barrels/day through Hormuz

~50% of India's crude via this route

33 km narrowest width

+300% shipping insurance surge

Google Maps | Route data: EIA

Strategic Petroleum Reserve

-- days of import cover

Capacity5.33 MMT

Current Stock--

Phase II6.5 MMT

Facilities

Visakhapatnam: 1.33 MMT

Mangaluru: 1.50 MMT

Padur: 2.50 MMT

How India Compares

🇮🇳 India

9.5 days

🇰🇷 S. Korea

~49 days*

🇨🇳 China

~90+ days

🇯🇵 Japan

~124 days*

🇺🇸 USA

~125 days

IEA Minimum

90 days

IEA mandates 90 days of net import cover for member countries. India's SPR covers only 9.5 days at full capacity (~6 days at current 64% fill) — the lowest among major oil importers. *Post Mar 2026 IEA emergency release.

Source: ISPRL, IEA, EIA, BusinessToday, S&P Global

Crisis Timeline

LIVE

Sources: Al Jazeera, CNN, ACLED, The Core, PM India, Business Standard

Frequently Asked Questions

Updated daily

Quick answers on the West Asia conflict's impact on India's energy markets.

What is the current Brent crude oil price during India's energy crisis?

Brent crude trades at $103.43 (-1.06%) as of Oct 12, 2026, down from Friday's $104.54 close, easing after last week's rally amid renewed Gulf security concerns tied to Houthi strikes on Riyadh airport.

How much are Indian Oil Marketing Companies (OMCs) losing daily?

Indian OMCs are losing an estimated ~₹1,700 Cr/day at current Brent levels ($103.43), per the dashboard's loss formula, down slightly from ~₹1,750 Cr/day Friday as crude eased.

Is the Strait of Hormuz still blocked?

Yes — Day 226 of the blockade. Tanker traffic remains at 3-5 vessels/day versus ~129/day pre-war, a roughly 96% reduction, even as Iran's FM signalled openness to diplomacy with Saudi Arabia today.

What is the impact on petrol, diesel, and LPG prices in India?

Four P+D hikes + two CNG hikes in 12 days. Delhi petrol ₹94.77 → ₹102.12, diesel ₹87.67 → ₹95.20 (May 15 +₹3, May 19 +~90p, May 23 +87p, May 25 +₹2.61 — steepest yet). CNG ₹77.09 → ₹83.09 (May 15 +₹2, May 23 +₹1, May 26 +₹2 IGL bulletin). LPG ₹913 held through all six. Triggers: fortnightly-average crude (OMCs), input gas costs + USD (IGL). Fuel Watch →

How many Indians are at risk in the Gulf region?

9M+ Indians in the Gulf (UAE 3.5M, Saudi 2.6M + others). 9.84 lakh passengers returned from West Asia (MEA, Apr 15) — cumulative returns incl. routine travel, not solely evacuees. May 4: 3 Indians wounded in Iran drone strike at Fujairah — first Iran-war injuries inside UAE.

When did the 2026 West Asia conflict begin?

The war began February 28, 2026 with Operation Epic Fury. Today is Day 226. Brent trades at $103.43; Hormuz remains closed to normal traffic even as Houthi strikes on Riyadh airport renew regional tension.

What is India's daily oil import bill during the war?

~$17.5B/mo at Brent ~$100 (vs pre-war ~$14.2B). India imports 89% of its crude — 3rd-highest dependency globally. Top supplier: Russia 35%, Iraq 14%, USA 12%.

Has the US-Iran ceasefire been signed?

No binding ceasefire is in force. The April 8 truce remains, per Trump, on 'massive life support.' Today's diplomatic movement — Iran's FM calling his Saudi counterpart — stops short of any Hormuz settlement.

Sources: Live data from OilPriceAPI, Yahoo Finance, RBI, PPAC. Editorial from CNBC, Al Jazeera, Reuters, BBC, NY Times, Fortune, CBS News. Methodology →

What Happens Next?

Scenarios for further oil price rises or supply shocks.

Oil Shock: What If?

Interactive

Simulate how Brent moves hit India's fuel costs and economy.

$105

per barrel

$70 $200

CRISIS

What happens in Delhi if oil hits $105/barrel?

Impact on Delhi

National Impact

Source: PPAC, Emkay elasticity estimates, RBI. Petrol/diesel are market-linked estimates — actual retail prices are frozen. Looking back? See the historical version of this — same elasticity applied to 4 years of real Brent × USD/INR data.

What This Means for India Right Now

India's Actual Crude Basket (Weighted by Import Share)

Russian Urals -- Discount narrowed to ~$5

Iraqi Basrah -- ~$3-5 below Brent

Saudi Arab Light -- ~$1-2 below Brent

UAE Murban -- Near Brent parity

Others -- Avg benchmark price

India Basket (Wtd Avg)

USD/bbl

USD/INR

Exchange Rate

Rupee Cost of Crude
--
INR/barrel (actual)

Daily Import Cost

Crore INR/day

Daily Oil Consumption

5.9M bbl/day

India is world's 3rd largest oil consumer

EIA / PPAC

Domestic Production

0.59M bbl/day

Only ~10% of demand met domestically

DGH / ONGC

Govt Subsidy Burden

₹1.71L Cr

Fertilizer subsidy FY27 (Union Budget)

Union Budget FY27

Diesel → Food Inflation

+1.5-2.0%

Every $10/bbl rise adds ~1.5% to food CPI via transport & farm costs

RBI estimates

Forex Reserve Burn

~$3-5B/mo

RBI selling reserves to defend rupee at 85-87 level

RBI weekly data

OPEC+ Output

Cutting

Production cuts extended, tightening global supply

OPEC Secretariat

Economic Impact on India

Fertilizer Supply Crisis

Urea

USD/t

DAP

USD/t

MOP

USD/t

Agriculture Impact

Fertilizer Subsidy FY27--

Import Cost Increase--

Supply Chain & Food Impact

India's Fertilizer Import Share~27%

Key Import Sources at RiskOman, Saudi, Iran

Kharif Crop Input Cost Rise (est.)+12-18%

Food Inflation (CFPI, Jul 2026)+5.52% YoY

MSP Revision PressureHigh

Fertilizer needs natural gas. Higher energy prices → higher fertilizer cost → higher food prices for 1.4B Indians.

Source: World Bank / Dept. of Fertilizers / MOSPI (CFPI Jul 2026)

Economic Impact on India

CAD--% of GDP

CPI Inflation--YoY

Forex Reserves--Bn USD

Oil Import Bill--Bn USD/mo

Stock Market

NIFTY 50 -- --

SENSEX -- --

Key Oil & Gas Stocks

ONGC----

Reliance----

IOC----

BPCL----

Fiscal Pressure

Excise Cut Revenue Loss₹1.55L Cr/yr

Fiscal Deficit Target FY274.3% of GDP

RBI Repo Rate (5.25%)Paused

Every $10/bbl rise widens India's CAD by ~0.3% of GDP (ICRA) and adds $13-14B to the net oil bill. Excise cut costs ₹1.55L Cr/yr in revenue.

Source: Yahoo Finance (^NSEI, ^BSESN) | RBI, MOSPI, Budget FY27

Human & Global Impact

-- estimated killed across all parties Day -- of conflict

India's Response

UN Vote--

Citizens Evacuated--

Diplomatic Stance--

Sources: Loading...

Impact on Indian Diaspora

-- Indians in Gulf at risk

Remittances at Risk

Gulf Remittances (FY25)--

Total India Remittances--

Gulf Share--

Remittance as % of GDP--

Most Affected States--

Risk if 6-mo Conflict--

Sources: Loading...

India Energy Tracker — Crisis Dashboard

India Power Grid

Commodity Price Trends

India Fuel Prices

Other Cities

Oil Import Dependency

Top Suppliers

Strait of Hormuz · Chokepoint

Strategic Petroleum Reserve

Facilities

How India Compares

Crisis Timeline

Frequently Asked Questions

What Happens Next?

Oil Shock: What If?

What This Means for India Right Now

India's Actual Crude Basket (Weighted by Import Share)

Economic Impact on India

Fertilizer Supply Crisis

Agriculture Impact

Supply Chain & Food Impact

Economic Impact on India

Stock Market

Key Oil & Gas Stocks

Fiscal Pressure

Human & Global Impact

War CasualtiesCasualty figures are contested and vary by source (HRANA, IFRC, government claims). We present ranges from multiple credible sources. Figures update as new reports are verified.

India's Response

Impact on Indian Diaspora

Remittances at Risk

India Energy Tracker — Crisis Dashboard

India Power Grid

Commodity Price Trends

India Fuel Prices

Other Cities

Oil Import Dependency

Top Suppliers

Strait of Hormuz · Chokepoint

Strategic Petroleum Reserve

Facilities

How India Compares

Crisis Timeline

Related Coverage

Frequently Asked Questions

What Happens Next?

Oil Shock: What If?

5-Year Historical View: What Consumers Paid vs What They Would Have Paid

What This Means for India Right Now

India's Actual Crude Basket (Weighted by Import Share)

Economic Impact on India

Fertilizer Supply Crisis

Agriculture Impact

Supply Chain & Food Impact

Economic Impact on India

Stock Market

Key Oil & Gas Stocks

Fiscal Pressure

Human & Global Impact

War CasualtiesCasualty figures are contested and vary by source (HRANA, IFRC, government claims). We present ranges from multiple credible sources. Figures update as new reports are verified.

India's Response

Impact on Indian Diaspora

Remittances at Risk