India Raises Gas and Diesel Prices by Over 3% Amid U.S.-Iran Conflict
📋 Article Processing Timeline
- 📰 Published: May 15, 2026 at 16:07
- 🔍 Collected: May 15, 2026 at 16:32 (24 min after Published)
- 🤖 AI Analyzed: May 15, 2026 at 16:33 (0 min after Collected)
India's state-owned oil companies raised petrol and diesel prices by over 3% on May 15, the first hike since the conflict broke out in February. The near-total blockade of the Strait of Hormuz by Iran has severely disrupted supply for India, which imports half of its crude via that route. In Delhi, petrol prices rose to 97.77 rupees per liter as global crude costs continue to climb.