India limited the impact of global oil shocks by capping fuel price hikes to under ₹5 per litre, absorbing crude costs for 76 days before gradual increases.
India's petrol prices reached ₹99.51 per liter
May 24, 2026
04:37 pm
What's the storyIndia has witnessed one of the smallest increases in retail petrol and diesel prices among major economies, despite a sharp rise in global crude oil rates due to the Iran war and Strait of Hormuz disruption.
The government cited data from GlobalPetrolPrices.com and recent Oil Marketing Company (OMC) revisions to support its claim.
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India experiences a minimal fuel price hike of about 5% despite global surges due to the West Asia crisis.
