{"id":67246,"date":"2026-04-06T16:39:43","date_gmt":"2026-04-06T11:09:43","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=67246"},"modified":"2026-04-06T16:39:45","modified_gmt":"2026-04-06T11:09:45","slug":"crude-oil-price-india-strait-of-hormuz-blockade-impact","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/crude-oil-price-india-strait-of-hormuz-blockade-impact\/","title":{"rendered":"Crude Oil Above $111: What the Strait of Hormuz Blockade Means for Your Petrol Bill, Portfolio &amp; Inflation"},"content":{"rendered":"<p>WTI crude oil surged past $111 per barrel and Brent Crude crossed $110 on Monday, April 6, 2026, as fresh threats from US President Donald Trump against Iran&#8217;s civilian infrastructure deepened fears that the Strait of Hormuz \u2014 through which approximately 21% of global oil trade flows \u2014 will remain blocked for an extended period.<\/p><p>For India, the world&#8217;s third-largest oil importer (importing over 85% of its crude requirements), every $10 rise in crude costs the country approximately $15\u201316 billion extra annually. At $110+ crude, India&#8217;s current account deficit widens significantly, the rupee comes under pressure, and domestic fuel prices inch toward revision \u2014 even as the government uses oil marketing companies as shock absorbers.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-india-strait-of-hormuz-blockade-impact\/#Current_Oil_Prices_India_Market_Rates_April_6_2026\" title=\"Current Oil Prices &amp; India Market Rates (April 6, 2026)\">Current Oil Prices &amp; India Market Rates (April 6, 2026)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-india-strait-of-hormuz-blockade-impact\/#Which_Stocks_Win_and_Which_Lose_at_110_Crude\" title=\"Which Stocks Win and Which Lose at $110+ Crude?\">Which Stocks Win and Which Lose at $110+ Crude?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-india-strait-of-hormuz-blockade-impact\/#Winners_%E2%80%94_Upstream_Oil_Producers\" title=\"Winners \u2014 Upstream Oil Producers\">Winners \u2014 Upstream Oil Producers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-india-strait-of-hormuz-blockade-impact\/#Losers_%E2%80%94_Oil_Marketing_Companies\" title=\"Losers \u2014 Oil Marketing Companies\">Losers \u2014 Oil Marketing Companies<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-india-strait-of-hormuz-blockade-impact\/#Impact_on_Indias_Economy\" title=\"Impact on India&#8217;s Economy\">Impact on India&#8217;s Economy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-india-strait-of-hormuz-blockade-impact\/#Also_Read\" title=\"Also Read\">Also Read<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Current_Oil_Prices_India_Market_Rates_April_6_2026\"><\/span><strong>Current Oil Prices &amp; India Market Rates (April 6, 2026)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/user\/log-in\">[Click Here \u2013 Get Free Investment Predictions]<\/a><\/p><ul class=\"wp-block-list\"><li>WTI Crude: $111.10 per barrel (up 2.1% today)<\/li>\n\n<li>Brent Crude: $109.85 per barrel (up 1.8% today)<\/li>\n\n<li>Petrol (Delhi): Rs 103.50 per litre<\/li>\n\n<li>Diesel (Delhi): Rs 90.03 per litre<\/li>\n\n<li>LPG Cylinder (14.2kg): Rs 912.50 (domestic)<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Which_Stocks_Win_and_Which_Lose_at_110_Crude\"><\/span><strong>Which Stocks Win and Which Lose at $110+ Crude?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/user\/log-in\">[Tap to Access Best Research Pieces]<\/a><\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Winners_%E2%80%94_Upstream_Oil_Producers\"><\/span><strong>Winners \u2014 Upstream Oil Producers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>ONGC (Oil and Natural Gas Corporation) and Oil India are the clearest beneficiaries of crude above $100. Every $10 rise in crude prices increases ONGC&#8217;s net realisation by approximately Rs 3,000\u20134,000 per barrel, translating to Rs 2,500\u20133,000 crore in additional quarterly profit. ONGC gained approximately 1.2% in Monday&#8217;s session.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Losers_%E2%80%94_Oil_Marketing_Companies\"><\/span><strong>Losers \u2014 Oil Marketing Companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>IOC (Indian Oil Corporation), BPCL (Bharat Petroleum), and HPCL (Hindustan Petroleum) are suffering. When crude rises but retail fuel prices are held steady by the government, OMCs absorb the difference \u2014 creating &#8220;marketing losses&#8221; that can run to Rs 8\u201312 per litre of petrol sold. HPCL fell 28% in the past month even before today&#8217;s fresh crude spike. Analysts warn of limited recovery until crude stabilises below $85\u201390.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_on_Indias_Economy\"><\/span><strong>Impact on India&#8217;s Economy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li>Inflation: HSBC estimates India&#8217;s inflation could average around 5% if crude stays near $100. At $110+, this target may be breached, complicating RBI&#8217;s monetary policy stance.<\/li>\n\n<li>Current Account Deficit: Could widen to 2.5\u20133% of GDP from the previous estimate of 1.8%, increasing external financing requirements<\/li>\n\n<li>Rupee pressure: Higher oil import bill is the primary driver of the rupee&#8217;s slide to Rs 93\/$<\/li>\n\n<li>LPG supply: Business Standard reports newer LNG terminals face viability risks as West Asia conflict cuts supplies and raises prices<\/li>\n\n<li>Transport costs: Higher diesel flows through to trucking, supply chain, and food inflation \u2014 CPI could see a 50\u201380 bps upside risk<\/li><\/ul><p>Track ONGC, IOC, BPCL, and energy stocks live \u2014 <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a><\/p><p>*Disclaimer: This article is for informational and educational purposes only. Stock market investments are subject to market risk. Please read all related documents before investing. The views and data presented are based on publicly available information as of April 6, 2026. This does not constitute investment advice. Consult a SEBI-registered financial advisor before making any investment decision.*<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Also_Read\"><\/span><strong>Also Read<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/why-is-krbl-share-price-falling\"><strong>Why is KRBL Share Price Falling? Check Next Share Price Target&nbsp;<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-is-reliance-infrastructures-share-price-falling\"><strong>Why is Reliance Infrastructure\u2019s Share Price Falling? Check Next Share Price Target&nbsp;<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-is-mahanagar-gas-share-price-falling\"><strong>Why is Mahanagar Gas Share Price Falling? Check Next Share Price Target&nbsp;<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-is-happiest-minds-share-price-falling\"><strong>Why is Happiest Minds\u2019 Share Price Falling? Check Next Share Price Target&nbsp;<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>WTI crude oil surged past $111 per barrel and Brent Crude crossed $110 on Monday, April 6, 2026, as fresh threats from US President Donald Trump against Iran&#8217;s civilian infrastructure deepened fears that the Strait of Hormuz \u2014 through which approximately 21% of global oil trade flows \u2014 will remain blocked for an extended period.<\/p>\n","protected":false},"author":26,"featured_media":67262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3994],"class_list":["post-67246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crude-oil-price"],"metadata":{"_edit_lock":["1775473827:26"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["65"],"rank_math_title":["Crude Oil Price Above $111: How the Strait of Hormuz Blockade Affects Your Petrol Bill "],"rank_math_description":["WTI crude oil price surges past $111\/barrel as Iran tensions deepen. See how rising oil prices impact India's petrol rates, inflation, rupee, current account deficit, and stocks like ONGC, IOC, and BPCL.\n"],"rank_math_focus_keyword":["crude 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