India limited consumer impact during the global oil shock, raising petrol and diesel prices by less than ₹5 per litre after a 76-day freeze on hikes.
OMCs are still reeling from losses
May 24, 2026
04:09 pm
What's the storyIndia has been able to shield its consumers from the full impact of the global oil crisis caused by the closure of the Strait of Hormuz.
The country absorbed rising crude costs for 76 days before implementing a phased increase of less than ₹5 per liter in petrol and diesel prices.
India limited the impact of global oil shocks by capping fuel price hikes to under ₹5 per litre, absorbing crude costs for 76…
India experiences a minimal fuel price hike of about 5% despite global surges due to the West Asia crisis.
The latest adjustment marks a rare shift after a long period of steady rates
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