How India’s fuel price rise compares to US, China, Pak & other economies

Petrol, diesel terms hike: The emergence of planetary crude lipid prices to supra $100 per tube levels since the commencement of the US-Iran struggle has sent shockwaves crossed astir large economies astir the world.

With the Strait of Hormuz inactive closed and a trickle of postulation flowing done it, supplies are disrupted and determination seems to beryllium nary extremity successful show arsenic of now.What this has meant is that large economies astir the world, including India, person been forced to rise prices of petrol and diesel arsenic the import measure continues to rise. In India the underrecoveries that lipid selling companies were suffering earlier past Friday’s hike successful prices was astir Rs 1,000 crore per day, according to the Oil Ministry’s estimates.

This is contempt the government’s determination to chopped excise work connected petrol and diesel to cushion customers.

Since Friday, petrol and diesel prices person been hiked doubly - Rs 3 per litre the archetypal time, and astir 90 paise per litre today. Economists accidental that if the concern does not amended successful the coming days, past much hikes whitethorn beryllium successful the offing. However, the attack of gradual hikes successful petrol and diesel prices is to debar an contiguous ostentation daze to the economy.

Also Read | PM Modi’s UAE visit: How India volition payment from agreements connected strategical petroleum reserves, LPG - explainedIndia has truthful acold raised its petrol and diesel rates by astir 4%, overmuch little compared to the treble digit hikes seen crossed large economies specified arsenic the US, China, Japan. How does India’s petrol, diesel terms hike comparison to different countries astir the world? Let’s instrumentality a look:

How India’s Petrol, Diesel Price Hike Compares To Major Countries

The sharpest substance terms increases person been witnessed successful liberalised emerging economies that are heavy babelike connected West Asian vigor supplies and shipping routes, peculiarly wherever governments person not intervened to cushion consumers from volatility. In countries with market-linked substance pricing, the leap successful planetary crude costs was rapidly reflected successful retail rates. Petrol, Diesel: Retail terms change, 23 February 2026 to 15 May 2026

Petrol prices successful countries specified arsenic Myanmar, Malaysia, Pakistan and the United Arab Emirates person surged by much than 50 per cent compared to pre-conflict levels. Diesel has climbed adjacent faster, mostly due to the fact that of its stronger transportation to freight question and planetary commercialized activity.

Compared with 3 months ago, petrol prices are present astir 55 per cent higher successful Pakistan, astir 56 per cent higher successful Malaysia and astir 52 per cent higher successful the UAE.Also Read | Petrol, diesel price: Why were substance rates raised present & are much hikes apt successful coming days?Developed economies person besides experienced important increases, though the emergence has been comparatively little successful percent terms. In the United States, wherever retail substance prices respond rapidly to crude movements owed to comparatively little taxation burdens, petrol prices person accrued by astir 45 per cent, portion diesel is up astir 48 per cent. Across Europe, higher excise duties person softened the wide impact, but terms increases stay notable. Petrol prices successful the United Kingdom person risen by astir 19 per cent and diesel by 34 per cent. Germany has recorded increases of astir 14 per cent successful petrol and 20 per cent successful diesel, portion France has seen gains of astir 21 per cent and 31 per cent respectively. In Asia, Japan, South Korea and Singapore person managed to support petrol ostentation beneath the 20 per cent mark, though diesel prices person moved substantially higher.

Singapore, successful particular, has witnessed a astir 65 per cent leap successful diesel prices.In India, nationalist assemblage lipid selling companies, which relationship for astir 90 per cent of the country’s substance retail network, had kept petrol and diesel prices broadly unchanged from the levels prevailing connected February 23, 2026, until May 15, 2026. During this period, these firms absorbed the interaction of elevated crude prices astatine the refinery level. The latest revision, which is an summation of Rs 3.91 per litre for some petrol and diesel, marks the archetypal hike successful astir 4 years.