Middle East Conflict: Will Fuel Prices Rise in India? Experts Weigh In on Crude Oil Impact

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Crude Oil Soars 9% Amid Mideast Tensions; India's Fuel Prices Stable For Now

মধ্যপ্রাচ্যে যুদ্ধ পরিস্থিতি, বাড়বে কি পেট্রোল-ডিজেলের দাম?

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News18•05-03-2026, 16:53

Crude Oil Soars 9% Amid Mideast Tensions; India's Fuel Prices Stable For Now

•Crude oil prices surged nearly 9% internationally due to Middle East conflict involving America, Israel, Iran, and Tehran's retaliation.
•Global benchmark Brent Crude reached almost $80 per barrel; US crude rose 8.6% to $72.79 per barrel.
•India, importing 88% of its crude oil, faces increased import bills due to rising international prices.
•Despite the surge, retail petrol and diesel prices in India are unlikely to increase immediately, say sources.
•Government and oil companies aim to maintain price stability to control inflation; prolonged high prices could eventually impact costs.

Read Full Article on News18 in Bengali

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