A very shocking news is coming from the international market. On one hand, there seemed to be an agreement between America and Iran on a proposed draft and it seemed that the opening of the Strait of Hormuz would normalize the supply of oil, while on the other hand, the internal political turmoil within Iran has changed the entire equation.
Iran’s President Massoud Pejeshkian has suddenly resigned from his post, causing deep political instability there. The direct impact of this major geopolitical turmoil and the increasing action of the Israeli army in Lebanon has been seen on the prices of crude oil. On Monday, June 1, crude oil once again rose to around $2 per barrel.
The conflict within Iran and the Lebanon crisis increased the boil.
According to a report by Iran International, President Massoud Pejeshkian has submitted his resignation to the Office of the Supreme Leader. Making very serious allegations in his letter, he has written that the elected government has been completely excluded from major and important decisions of the country and the Islamic Revolutionary Guard Corps (IRGC) is dominating the system.
Along with this political instability, the news of the capture of the strategically important Beaufort Fort by the Israeli army in South Lebanon has further increased the concern in the global market. The result of this is that Brent Crude has once again jumped. $93.23 per barrel and WTI crude $89.65 per barrel Has reached.
Relief and shock together in India: Petrol and diesel prices in metros
Despite this boom in the global market, Indian oil companies have given great relief to the general public today. There has been no change in the retail prices of petrol and diesel in the country today.
Today, on June 1, 2026, the per liter prices of petrol and diesel in four major metros of the country can be seen in the table given below:
| Cities (Metros) | Petrol price (₹/litre) | Diesel Price (₹/Litre) | Today’s Status |
| Delhi | ₹102.12 | ₹95.20 | prices are completely stable |
| Mumbai | ₹111.18 | ₹97.83 | prices are completely stable |
| Chennai | ₹108.01 | ₹99.78 | prices are completely stable |
| Kolkata | ₹113.47 | ₹99.82 | prices are completely stable |
Inflation flares up on commercial gas cylinders
Even though the general public has been given relief by keeping the prices of petrol and diesel stable, traders and restaurant owners have got a big shock this morning. Oil companies have drastically increased the prices of commercial LPG cylinders:
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19 kg cylinder: Its price increased by Rs 42 in Delhi Rs 3,113.50 While in Kolkata it is a huge increase of Rs 53.50. Rs 3,255.50 It’s done.
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5 Kg Small Cylinder (FTL): Its price has also been increased by Rs 11, after which it is now available in Delhi. Rs 821.50 Will meet in.
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Domestic LPG: It is a matter of relief that there has been no change in the price of 14.2 kg domestic LPG cylinder used in homes.
The Indian market and oil companies are constantly keeping an eye on this turmoil in the global market. If international crude oil prices continue to rise like this, then its impact can be seen on domestic fuel prices also in the coming days.
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