India's Petrol Prices Set to Rise: Discover the Nation Where Fuel Costs Just Rs.3 Per Liter

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India's Petrol Prices Soar Amid War; ₹3/Liter Fuel in Iran? Global Oil Shock!

India's Petrol Prices Soar Amid War; ₹3/Liter Fuel in Iran? Global Oil Shock!

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News18•05-03-2026, 17:57

India's Petrol Prices Soar Amid War; ₹3/Liter Fuel in Iran? Global Oil Shock!

•Iran-Israel war intensifies, disrupting global crude oil markets and threatening supply chains, impacting India's import-dependent economy.
•Iran offers the world's cheapest petrol at ₹2.50-₹3 per liter due to heavy subsidies, but faces smuggling issues, leading to a 160-liter monthly quota.
•Libya (₹2.64) and Venezuela (₹3) also feature ultra-cheap petrol with quota systems (120 liters in Venezuela before higher prices apply).
•GCC countries show varied prices: Kuwait (₹29-₹30) is cheapest, while Saudi Arabia and Oman are gradually reducing subsidies.
•India ranks 73rd globally with petrol at ₹94.77-₹105; higher than Pakistan (₹80-₹84) and Angola (₹27). War risks doubling prices if Strait of Hormuz is disrupted.

Read Full Article on News18 in Telugu

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