India’s state-run oil companies have implemented their fourth fuel price increase in just over a week, a direct response to the ongoing geopolitical turmoil in the Middle East. With the war disrupting the Strait of Hormuz—a vital energy transit corridor that typically supplies nearly half of India’s crude imports—the nation’s fuel costs have surged by approximately five percent since February. This latest adjustment adds roughly two rupees to the pump price nationwide, bringing petrol in New Delhi to 102.12 rupees and diesel to 95.20 rupees.

To mitigate the impact of these supply chain disruptions, the Indian government is actively seeking alternative strategies to ensure energy security. Prime Minister Narendra Modi has recently emphasized the need for prudent fuel consumption to conserve essential foreign currency, while Petroleum Minister Hardeep Singh Puri acknowledged that state oil firms are absorbing significant daily revenue losses. In an effort to stabilize the market, India has begun increasing its intake of Russian crude, utilizing temporary sanction waivers to offset the volatility and keep the country’s growing economy fueled despite the regional instability.