Fuel rates in India were hiked on Tuesday by state-owned oil retailers following a jump in international crude oil prices because of drone attacks on Saudi Arabia's oil facilities.

Petrol prices per litre were increased by 18 paise to Rs 77.21 in Delhi, Rs 77.83 in Mumbai, Rs 74.61 in Bengaluru and Rs 74.97 in Chennai. Diesel prices per litre saw a 33 paise hike to Rs 65.61 in Delhi, Rs 68.76 in Mumbai, Rs 67.79 in Bengaluru and Rs 69.29 in Chennai, according to a price notification issued by Hindustan Petroleum.
Fuel prices in India are revised every day based on global crude oil prices and foreign exchange rates in the last 15 days.
Brent crude futures, the international benchmark for crude oil prices in Asia, soared by almost 20 percent in intraday trade on Monday, the biggest jump seen in 30 years. It closed 15 percent higher than its previous close on Monday.
The uncertainty around the restoration of supply also put pressure on equities markets around the globe.
On Tuesday, Brent crude eased by 1.1 percent to trade at $68.29 per barrel.
On Saturday, oil processing facility at Abqaiq and the nearby Khurais oil field were attacked by drone strikes, knocking out 5.7 million barrels of daily crude production or 50 percent of Saudi Arabia's oil output. Abqaiq is the world's largest oil processing facility.
Yemen's Houthi rebels have claimed responsibility for the attack, according to a Reuters report, and said that it was one of their largest attacks ever inside the kingdom. The group has been behind a series of attacks on Saudi pipelines, tankers and other infrastructure in the past few years.
Meanwhile, India's oil minister in a tweet on Monday said that senior management at Saudi's Aramco has ensured that there will be a steady supply of oil to India.
India imports 83 percent of its oil needs, with Saudi Arabia being its second-biggest supplier.
More From GoodReturns

Gold & Silver Rates Today Live: Precious Metals Extend Rally, MCX Gold Up 4%, Silver Near Rs 2.36 Lakh

Gas Cylinder Connection To Be Removed After 90-Days: Why LPG Users Should Choose PNG? Which Is Better?

Gold Rates In India Today Jumps, But Silver Rates Crash On March 27; 24 Carat, 22 Carat, 18 Carat Gold Prices

Gold & Silver Rates Today Live: MCX Gold Ends Above Rs 1.40 Lakh, Silver Up 1%; 24K, 22K, 18K Gold On March 24

Gold Rate Crashes Over Rs 1 Lakh in Single Day, Slips to Lowest Since January; Will Gold Price Today Decline?

Gold Price In India Rally Post Rs 1.1 Lakh/100 Gm Crash In Week, Silver Stable; 24K, 22K, 18K Rate On March 26

Lockdown In India 2026: Why Is 'India Lockdown Again' Trending After PM Modi's Latest Speech On West Asia War?

Gold Price Crash May Fuel Jewellery Demand: Why Kalyan Jewellers Share Price Could Shine Despite 5% Dip

Bengaluru Power Cut Today & Tomorrow: BESCOM Carries Up To 9-Hours Power Outage; Affected Areas List

Stock Market Holidays 2026: March 25, March 26, March 27, When Will Trading On BSE & NSE Be Close & Why?

Fatal Crash In Gold Rates In India By Rs 1,03,200/100 Gm; Biggest Single-Day Fall In 24K, 22K, 18K Gold Prices



Click it and Unblock the Notifications