Iran's Shockingly Low Petrol Price: Discover Why It's So Cheap Compared to India
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Iran-Israel War: How Middle East Conflict Could Hike India's Petrol Prices
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News18•28-02-2026, 19:11
Iran-Israel War: How Middle East Conflict Could Hike India's Petrol Prices
•The ongoing conflict in the Middle East between Iran, Israel, and America is expected to significantly increase international crude oil prices.
•India, importing over 80% of its oil, faces inevitable petrol-diesel price hikes if global crude prices rise, potentially impacting the rupee and inflation.
•Petrol in Iran costs approximately 2 to 5 rupees per liter, a stark contrast to Maharashtra's 103-105 rupees per liter.
•This price disparity is due to Iran being an oil producer with massive government subsidies, while India is an importer with high taxes (Excise Duty and VAT) making up 40-50% of the fuel price.
•Experts fear petrol prices in Maharashtra could cross Rs 110, leading to increased transportation costs and higher prices for essential commodities.