Jio-BP Pushes Up Fuel Prices: Petrol Gets Costlier By Rs 5, Diesel By Rs 3

In the wake of elevated crude oil prices and tight supply constraints caused by the war crisis in the Middle East, private fuel retailer Jio-BP, which is a subsidiary of Reliance Industries, has increased petrol prices by Rs 5 per litre and diesel by Rs 3 per litre, with the updated rates taking effect from 6 am on Sunday, October 11, 2026. Following an earlier upward price revision by another private operator, Nayara Energy, customers fueling up at Jio-BP and Nayara Energy stations will now face increased costs, whereas retail fuel rates at stations belonging to government-owned oil marketing companies have been kept completely untouched. Global crude prices have hovered above $100 per barrel for several consecutive weeks, heavily straining national import bills as prices escalated due to fresh tensions between Saudi Arabia and the Houthis as well as the choking of maritime transit through the Strait of Hormuz. Prices had earlier witnessed a brief cooling period following a ceasefire between the US and Iran, but they quickly returned to an elevated trajectory after both sides failed to reach a final consensus, leading to fresh attacks on oil tankers in the Strait of Hormuz and other key sea lanes that pose ongoing challenges for India, which imports 85 to 90 per cent of its overall oil needs and is directly vulnerable to international crude fluctuations. This marks the very first price hike of the year by Jio-BP across its expansive nationwide footprint of 2,227 stations, as the joint venture between Reliance Industries and British energy giant BP was compelled to pass on the accumulated burden to everyday drivers due to severe hits on fuel margins caused by supply disruptions near the strategic Strait of Hormuz. In sharp contrast, state-run fuel giants such as Indian Oil, BPCL, and HPCL have opted to hold their ground and keep regular petrol and diesel prices steady, generating a widening price gap between public service stations and private retail networks across the country, which advises motorists to carefully check regional fuel rates before visiting a pump, matching the precise Rs 5 and Rs 3 per litre markup recently introduced by rival private supplier Nayara Energy.