On June 5, petrol prices in India have seen a notable increase, driven by escalating tensions in the Middle East, particularly around the Strait of Hormuz. In New Delhi, petrol is priced at ₹102.12 per litre, while in Kolkata, it reaches ₹113.51, and in Mumbai, it stands at ₹111.21. Diesel prices also reflect similar trends, with New Delhi's rate at ₹95.20 per litre. The Indian government has assured that all refineries are operating at full capacity and maintaining sufficient fuel stocks. Additionally, the Union Cabinet has approved a ₹10,000 crore budgetary support to stabilize aviation turbine fuel prices for Indian airlines amid this volatility. The government has also halved the windfall gains tax on petrol exports and reduced the levy on diesel and aviation fuel, effective June 1, while keeping domestic tax rates unchanged. These measures aim to mitigate the impact of global price fluctuations on local consumers.