Global petrol prices fell sharply this week, delivering welcome relief to consumers across Asia, the Middle East, and beyond. The primary driver behind the drop is the US-Iran ceasefire signed on June 15, 2026, which eased fears of a prolonged disruption to oil supplies through the Strait of Hormuz. Brent crude futures are trading near $80.36 per barrel as of June 20, 2026 – a significant pullback from the highs seen earlier in the year when the conflict was at its peak.
Here is a full country-by-country breakdown of petrol prices as of June 21, 2026, how much they dropped this week, and what analysts are projecting for the week ahead.
Global Petrol Price Summary Table – June 21, 2026
| Country | Price Per Litre | Weekly Change | Next Week Projection |
|---|---|---|---|
| Pakistan | Rs. 299.78 | – Rs. 74.00 | Further drop possible Rs. 10-20 |
| India (Delhi) | Rs. 102.12 | + Rs. 0.03 | Stable or slight drop Rs. 1-3 |
| UAE (Special 95) | AED 3.83 | No change | July price drop AED 0.20-0.40 expected |
| Saudi Arabia (95) | SAR 2.33 ($0.62) | No change | No change – fixed annually |
| USA (National Avg) | ~$0.95/litre ($3.60/gallon) | – $0.04/litre | Further drop $0.02-0.04/litre |
| UK (Unleaded) | ~148-155p | – 3-5p/litre | Further drop 2-4p/litre possible |
Brent Crude Oil – The Global Benchmark
Before diving into individual country prices, it helps to understand what is driving them. Brent crude, the global oil benchmark, is trading near $80.36 per barrel as of June 20, 2026. That is down sharply from the levels seen in April and May 2026, when the US-Iran conflict sent crude prices surging past $100 per barrel and caused significant supply disruptions in the Strait of Hormuz region.
The US-Iran memorandum of understanding, signed on June 15, brought rapid relief to global oil markets. However, prices have been slightly volatile this week as renewed fighting between Israel and Hezbollah in Lebanon threatened to stall the technical negotiations between Washington and Tehran in Switzerland. Markets are watching the Lebanon situation closely, as any further escalation could push Brent crude back toward $85-90 per barrel.
Pakistan Petrol Price Today – June 21, 2026
Pakistan saw one of the most dramatic fuel price reductions of any country this week. Prime Minister Shehbaz Sharif announced on June 19, 2026 that petrol prices would be cut by Rs. 74 per litre, effective from June 20.
| Fuel Type | Old Price | New Price | Change |
|---|---|---|---|
| Petrol | Rs. 373.78 | Rs. 299.78 | – Rs. 74.00 |
| High Speed Diesel | Rs. 378.78 | Rs. 311.78 | – Rs. 67.00 |
The Rs. 74 per litre reduction is one of the largest single cuts in Pakistan’s recent fuel pricing history. The government cited falling international crude prices and the improving regional situation following the US-Iran ceasefire as the reasons for passing the full benefit directly to consumers. The Oil and Gas Regulatory Authority (OGRA) is expected to announce the next price revision on June 26, 2026. Further cuts are possible if global crude remains below $80 per barrel and the Iran-US ceasefire holds.
Next week projection: Prices could fall further by Rs. 10-20 per litre if Brent crude stays below $80 and no new Hormuz disruptions occur.
India Petrol Price Today – June 21, 2026
India’s fuel pricing works differently from Pakistan’s. Prices in India are revised daily at 6 AM by oil marketing companies and vary significantly from city to city based on local state taxes.
| City | Petrol Price (per litre) |
|---|---|
| New Delhi | Rs. 102.12 |
| Mumbai | Rs. 111.21 |
| Bangalore | Rs. 110.61 |
| Hyderabad | Rs. 115.72 |
| Chennai | Rs. 107.88 |
| Kolkata | Rs. 113.47 |
Indian petrol prices have shown a gradual upward movement over the past week, rising slightly from Rs. 106.68 to current levels. Central government fuel taxes in India remain elevated, which limits the speed at which global crude price drops reach consumers at the pump.
Next week projection: Prices likely to remain stable or show modest decrease of Rs. 1-3 per litre if the central government decides to pass on crude savings.
UAE Petrol Price Today – June 2026
The UAE sets petrol prices monthly through its Fuel Price Committee under the Ministry of Energy. June 2026 prices came into effect on June 1 and will remain fixed until July 1.
| Fuel Grade | June 2026 Price | May 2026 Price | Change |
|---|---|---|---|
| E-Plus 91 | AED 3.76 | AED 3.48 | + AED 0.28 |
| Special 95 | AED 3.83 | AED 3.55 | + AED 0.28 |
| Super 98 | AED 3.95 | AED 3.66 | + AED 0.29 |
| Diesel | AED 4.33 | AED 4.69 | – AED 0.36 |
June 2026 prices represent a significant 66.37 percent increase compared to February 2026, driven by the Strait of Hormuz crisis. However, with the ceasefire now in place, the July 2026 prices announced on June 30 are expected to come in lower.
Next week projection: July 2026 prices, to be announced June 30, are expected to decrease by AED 0.20-0.40 per litre based on current Brent crude levels.
Saudi Arabia Petrol Price Today – June 2026
Saudi Arabia is one of the cheapest countries in the world for fuel, with heavily government-subsidized prices that are fixed quarterly.
| Fuel Grade | Price (SAR/litre) | Price (USD/litre) |
|---|---|---|
| Gasoline 91 | SAR 2.18 | $0.58 |
| Gasoline 95 | SAR 2.33 | $0.62 |
| Gasoline 98 | SAR 4.51 | $1.20 |
| Diesel | SAR 1.79 | $0.48 |
Saudi Arabia’s gasoline price of $0.62 per litre is 59 percent below the global average of $1.51 per litre. These prices have not changed since January 2026 and are not expected to change in the short term.
Next week projection: No change expected – prices are fixed annually.
USA Petrol Price Today – June 2026
In the United States, petrol is priced in dollars per gallon and varies by state. After rising above $4 per gallon in March 2026, prices have been easing as Brent crude pulls back.
| Fuel Type | Price (per gallon) | Price (per litre) | Weekly Change |
|---|---|---|---|
| Regular Unleaded | ~$3.60 | ~$0.95 | – $0.10-0.15 |
| Premium | ~$4.25 | ~$1.12 | – $0.10-0.15 |
| Diesel | ~$3.90 | ~$1.03 | – $0.08-0.12 |
Next week projection: Further easing of $0.05-0.10 per gallon if Iran ceasefire holds and Brent crude remains below $82.
UK Petrol Price Today – June 2026
UK petrol prices are among the highest in the world due to heavy fuel duty of 52.95 pence per litre plus 20 percent VAT applied to every litre.
| Fuel Type | Current Price | Weekly Change | Peak Price (April-May 2026) |
|---|---|---|---|
| Unleaded (E10) | 148-155p | – 3-5p | 165-170p |
| Diesel | 152-160p | – 3-5p | 172-178p |
Next week projection: Prices could fall another 2-4 pence per litre if crude continues its current trend downward.
What is Driving Global Petrol Prices Down This Week?
Three main factors are pushing global petrol prices lower right now:
1. US-Iran ceasefire: The memorandum of understanding signed June 15 reopened the Strait of Hormuz to normal shipping traffic, removing the supply disruption premium that had been adding $15-20 per barrel to crude prices since February 2026.
2. OPEC production levels: OPEC member countries have maintained steady production quotas, and with demand not surging as fast as feared, supply and demand are moving back toward balance.
3. Stronger US dollar: A stronger dollar makes oil more expensive in local currency terms for importing countries but actually depresses the dollar price of crude when global demand is stable.
Petrol Price Outlook for the Coming Week – June 22-28, 2026
| Country | Bullish Scenario (Ceasefire holds) | Bearish Scenario (Lebanon escalates) |
|---|---|---|
| Pakistan | Down Rs. 10-20/litre | Stable or up Rs. 5-10 |
| India | Down Rs. 1-3/litre | Stable |
| UAE | July prices down AED 0.20-0.40 | July prices stable |
| USA | Down $0.05-0.10/gallon | Up $0.10-0.20/gallon |
| UK | Down 2-4p/litre | Up 3-5p/litre |
The key variable for the week of June 22-28, 2026 is the Iran-US technical talks. If those talks resume successfully and the Lebanon ceasefire holds, Brent crude could fall further toward the $76-78 range, which would translate into further pump price reductions globally.
However, if Lebanon escalates further or Iran resumes Hormuz restrictions, crude could spike back above $85-90, which would reverse some of this week’s gains. Pakistan’s next price revision on June 26 will be the first major official signal of where global markets are heading.
For now, consumers in Pakistan, the UK, and the US are getting the most immediate relief. India’s structured pricing means any global savings take longer to reach the pump. Saudi Arabia and UAE consumers will feel the full benefit only when their next pricing cycle kicks in on July 1.
