Enjoy your time until the elections! Petrol prices will increase by ₹18 and diesel by ₹35 per liter immediately after the elections.

The impact of the ongoing US-Iran dispute is reaching Indian oil companies. The sale of petrol and diesel is now becoming a loss-making deal for state-owned oil companies. Currently, petrol costs Rs 18 per litre and diesel costs Rs 35 per litre in Delhi.
There has been no change in retail prices despite rising input costs. As a result, the company's losses continue to mount. This will lead to an increase in oil prices.
Petrol and diesel prices are decided on the basis of market rates. However, Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited have not changed prices since April 2022. During this time, crude oil prices have increased significantly. After the Russo-Ukrainian war, the price of crude oil had crossed 00 per barrel. At the beginning of 2026, prices had come down and reached the figure of $70 per barrel. After this, the situation created in the Middle East has again worked to increase prices. Prices continue to hover around the 00 per barrel mark.
Last month, state-owned oil companies were incurring a daily loss of about Rs 2,400 crore. However, now this deficit has come down to around Rs 1,600 crore per day.
The government had cut the excise duty on petrol and diesel by Rs 10 on the eve of Diwali. The government is taking such steps to balance the losses of the companies.
According to a report by the Macquarie Group, petrol and diesel prices are likely to increase after the elections in key states like West Bengal and Tamil Nadu are over later this month. The report said that after April, the risk of increasing prices at the pump is clearly visible.
This means that the government has kept the prices stable for the time being. But that might change after the elections. This will have a direct impact on people's lives.