The ripple effects of the ongoing geopolitical crisis in the Middle East have reached Indian shores, with oil marketing companies (OMCs) announcing a significant revision in fuel prices on Friday, March 20, 2026. While the price of regular diesel remains steady for small consumers, there is a massive jolt for industrial users. Bulk or industrial diesel prices have been hiked by a staggering ₹22 per litre, jumping from ₹87.67 to ₹109.59 in the national capital, Delhi.

Simultaneously, high-performance premium petrol variants like IOCL’s XP95 and HPCL’s Power have seen a price hike of ₹2 to ₹2.35 per litre. These changes come on the heels of Brent crude oil prices soaring above $110 per barrel due to the escalating conflict between Israel and Iran and disruptions in the Strait of Hormuz.