Archive · 27 Jul 2026
Fuel Prices Steady Amid US-Iran Tensions
Fuel prices in India stayed the same on 26-27 July, even though there are big fights happening between the US and Iran.
The price of oil around the world went up a lot because of these fights.
The US and its friends are fighting with Iran and a group called the Houthis.
The Houthis are attacking places in Saudi Arabia that have oil.
Even though the US stopped hitting Iran with strikes for a little bit, the Houthis are still causing trouble.
India has a lot of oil refineries and is a big player in the world's oil market.
The fights are making it hard for oil to move through important waterways, which affects prices everywhere.
Fuel prices in India remained steady on 26-27 July despite global volatility.
Brent crude price surged 27% in the past two weeks due to US-Iran conflict.
US paused strikes on Iran but continues to support Saudi Arabia against Houthi attacks.
Houthi militants attacked Saudi oil installations in Jizan and Yanbu ports.
India's 23 oil refineries meet domestic needs and export high-quality petroleum products.
- Who
- US, Iran, Houthis, Saudi Arabia, India
- What
- Fuel prices in India remain steady amid US-Iran tensions and Houthi attacks on Saudi oil installations.
- When
- 26-27 July
- Where
- India, Strait of Hormuz, Red Sea, Saudi Arabia
- Why
- Global fuel price volatility due to US-Iran conflict and Houthi attacks on Saudi oil installations.
US and Allies
Iran and Houthis
Strikes and Retaliation
US and Allies
US paused strikes on Iran but continues to support Saudi Arabia against Houthi attacks.
Iran and Houthis
Iran and Houthis retaliate with attacks on Saudi oil installations and tankers.
- Brent Crude Price
- $96.78 per barrel
- Petrol Price in Delhi
- ₹102.12 per litre
- Diesel Price in Delhi
- ₹95.20 per litre
- Last Major Price Revision
- 25 May
- Price Increase on 25 May
- Petrol: ₹2.61, Diesel: ₹2.71 per litre
- Ceasefire Collapse Date
- 17 June
- Houthi Attacks on Saudi Ports
- Jizan and Yanbu
- India's Oil Refineries
- 23
Sources
Petrol, diesel prices today — 26 July: Fuel rates in Delhi, Mumbai, Bengaluru, Kolkata as US pauses strikes on Iran
Petrol, diesel prices today, July 27: Prices slightly up in some cities; Check latest rates in Delhi, Mumbai, Chennai & more
Petrol and diesel prices today in Hyderabad, Delhi, Chennai and Mumbai on 26 July, 2026
Petrol, diesel prices today: Fuel rates in Delhi, Mumbai, Bengaluru as Brent retreats after US halts strikes on Iran