Fuel Price Hike: After Nyara, Shell Raises Petrol Prices By Rs 7.41, Diesel By Rs 25.01

Last Updated:April 01, 2026, 4:56 PM IST

Shell India hikes petrol and diesel prices as Brent crude surges after Iran conflict; diesel may rise further as India faces pressure due to high oil imports.

Private retailers have been facing sustained pressure as state-run oil marketing companies have largely held prices steady despite rising crude costs.

Private fuel retailers have begun raising prices, with Shell India increasing petrol and diesel rates on April 1 after a similar move by Nayara Energy, as elevated crude oil prices put pressure on margins.

In Bengaluru, petrol prices have gone up by Rs 7.41 per litre. The standard variant is now priced at Rs 119.85 per litre, while the Power variant costs Rs 129.85. Prices may differ across cities due to local taxes.

Diesel prices have seen a much sharper increase, rising by Rs 25.01 per litre. The regular variant now sells at Rs 123.52, while the premium variant is priced at Rs 133.52 per litre.

According to Moneycontrolsources said the hikes are linked to the sharp rise in global oil prices following the Iran conflict. Diesel prices may see further increases and could reach Rs 148-165 per litre, though there is no official confirmation on this.

Private retailers have been facing sustained pressure as state-run oil marketing companies have largely held prices steady despite rising crude costs. Unlike public sector firms, private players do not receive any compensation for absorbing losses, forcing them to pass on higher costs to consumers.

India remains highly exposed to global oil movements, importing nearly 88% of its crude requirements. Concerns over supply disruptions, especially through the Strait of Hormuz, have intensified amid the escalating West Asia tensions.

Brent crude has surged around 60% since February 28, when the US and Israel launched strikes on Iran, further tightening the global oil market.

On March 26, Nayara Energy, the country’s largest private fuel retailer, raised petrol price by Rs 5 per litre and diesel by Rs 3 a litre. Petrol at Nayara pumps now costs Rs 100.71 a litre and diesel costs Rs 91.31 per litre.

State-owned fuel retailers, who control about 90 per cent of the market, continue to keep rates frozen. A litre of normal petrol in Delhi continues to cost Rs 94.77 at their outlets, while the same grade diesel comes for Rs 87.67 a litre.

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