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Petrol, Diesel Prices Unlikely To Rise Unless Crude Oil Breach $130 Per Barrel: Report

TOI.in / Mar 10, 2026, 08.42 AM IST

Government sources, cited by ANI, said petrol and diesel prices in India are unlikely to increase despite rising tensions in the Middle East, as the country has adequate fuel reserves and stable supply arrangements. Officials indicated that domestic fuel prices are expected to remain steady unless global crude oil prices cross $130 per barrel, with current projections placing them around $100. Authorities also assured that petrol pumps across the country are well supplied and there is no shortage of fuel. India has stepped up crude sourcing from routes outside the Strait of Hormuz to reduce reliance on the key shipping corridor. Sufficient stocks of Aviation Turbine Fuel are also available, while LPG booking cycles have been extended from 21 to 25 days to curb hoarding and ensure stable supply for domestic consumers.

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