Petrol, Diesel Prices May Rise In India, Warns RBI Governor Amid Middle East Crisis

Added: 2026-05-14

[00:00:10]Petrol and diesel in India could soon get more expensive. And this warning has now come directly from RBI Governor Sanjay Malhotra. The reason? The ongoing conflict in the Middle East is pushing global crude oil prices higher. And if the situation continues, India may eventually pass those costs on to consumers.

[00:00:44]India [music] is one of the world's biggest oil importers and depends heavily on crude oil coming from the Middle East. That means any disruption in the region directly impacts India's fuel bill.

[00:01:06]A major concern right now is the Strait of Hormuz. Nearly 20% of global oil supply passes through this narrow route.

[00:01:14]If tensions escalate further, oil supply disruptions could send crude prices sharply higher.

[00:01:31]According to Reuters, oil prices have surged nearly 50% over $100 per barrel since the conflict intensified, putting pressure on countries like India that rely on imports. Higher crude oil prices don't just affect fuel. They can also increase transport costs, food prices, and overall inflation.

[00:01:53]That's why the RBI Governor says they are closely watching the situation.

[00:02:14]For now, petrol and diesel prices haven't been increased significantly.

[00:02:19]But the RBI governor says if the conflict continues for longer, a fuel price hike may only be a matter of time.