Petrol and Diesel Price Today: Crude Oil Hits USD 100 Amid US-Iran Conflict
Crude oil prices have gone up very fast because of the growing fight between the US and Iran. On May 8, 2026, the price of crude oil crossed USD 100 per barrel. This happened after new attacks between the two countries. People are worried that this will lead to higher inflation and more expensive fuel around the world.
The Petrol and Diesel Price Today in India remains steady for now. Even though global prices are rising, Indian oil companies have not changed the rates today. However, if the US Iran conflict impact on fuel prices continues, a price hike might happen soon in the domestic market.
Rising Tensions Between US and Iran
The US military recently carried out retaliatory strikes against Iran. This has made the situation in the region much worse. Iran has accused the US of breaking a ceasefire agreement. Iran also claimed that the US military targeted areas where civilians live.
Donald Trump has given a strong warning to Tehran. He said that Iran could face even more attacks if they do not reach a peace agreement soon. This conflict has caused shockwaves in global financial markets. Experts fear that high crude oil prices will put a lot of pressure on the global economy.
Fuel Prices in India Today
There is some relief for people in India today. State-run oil companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum have kept the prices the same. This is good news for consumers who were worried about a sudden jump in fuel costs.
However, these oil companies are under a lot of pressure. Because they are not raising prices while crude oil is getting expensive, they are losing money. Reports say these companies are facing losses of about Rs 25 to Rs 28 per litre. This loss is called under-recovery.
City-wise Petrol and Diesel Rates on May 8, 2026
It is important to check the latest rates before you go to the fuel station. Here are the petrol and diesel prices for major cities in India today:
| City | Petrol (Rs/Litre) | Diesel (Rs/Litre) |
|---|---|---|
| New Delhi | 94.77 | 87.67 |
| Mumbai | 103.54 | 90.03 |
| Kolkata | 105.41 | 92.02 |
| Chennai | 100.84 | 92.39 |
| Bengaluru | 102.96 | 90.99 |
| Hyderabad | 107.46 | 95.70 |
| Lucknow | 94.69 | 87.81 |
| Ahmedabad | 94.29 | 89.95 |
| Noida | 94.88 | 87.98 |
Impact on Global Markets
The jump in crude oil prices above USD 100 has created a lot of tension. When oil prices stay high for a long time, it usually makes everything more expensive. This includes transportation and the cost of daily goods. The ongoing war in West Asia has also disturbed the way goods are moved around the world.
Investors are watching the situation closely. The stock markets are also feeling the pressure of this global turbulence. If the peace talks do not happen soon, the energy market could see more price swings.
Conclusion
The Petrol and Diesel Price Today has not changed in India, but the global situation is very serious. With crude oil staying above USD 100, the government and oil companies are facing a tough time. Drivers should keep an eye on daily updates as the US Iran conflict impact on fuel prices might lead to changes in the coming days.
FAQs
Why are crude oil prices rising?
Crude oil prices are rising because of the conflict between the US and Iran. Recent attacks have pushed the price above USD 100 per barrel.
Has the petrol price increased in India today?
No, state-run oil companies in India have kept petrol and diesel prices unchanged on May 8, 2026.
What is the petrol price in Mumbai today?
The petrol price in Mumbai today is Rs 103.54 per litre.
Are oil companies losing money?
Yes, oil companies are reportedly losing between Rs 25 and Rs 28 per litre because they have not increased retail prices despite high crude costs.