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Will the prices of petrol and diesel reduce now, Union Minister replied

July 2, 2026 by Uma Shankar

During the Hormuz crisis, the prices of petrol and diesel were increased by more than 20% in many developed countries of the world. Whereas in our neighboring countries like Pakistan, Sri Lanka, Nepal and Bangladesh, prices increased by an average of 35%. But prices in India increased by only about 5%.

About Uma Shankar

Uma Shankar writes about finance, business, and investment topics. He simplifies complex subjects like stock market, banking, tax, and cryptocurrency to help readers make informed financial decisions. Data-driven reporting is his strength.

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