India, May 14 -- Fuel Prices Today, 14 May 2026: India may soon face difficult decisions on fuel pricing as rising geopolitical tensions in the Middle East continue disrupting global energy markets while Reserve Bank of India Governor Sanjay Malhotra has warned that petrol and diesel prices could rise if the conflict persists for an extended period. His remarks reflect growing concern within financial and policy circles over India's dependence on imported crude oil, weakening currency conditions and mounting pressure on oil companies.

India imports more than 85% of its crude oil requirements with any disruption around the Strait of Hormuz, one of the world's most critical oil transit routes, immediately affects India's economy. Although ...