India's Fuel Price Stability Amid Global Energy Crisis
How India’s Fuel Story Is The Opposite Of The World
Times Now News
Image: Times Now News
India has experienced one of the smallest increases in fuel prices globally, with petrol and diesel rising by only around 5% despite global tensions affecting oil markets. In contrast, countries like Myanmar and Malaysia saw increases exceeding 80%. This stability is attributed to India's delayed price revisions and government subsidies.
- 01Petrol prices in India increased by ₹0.87 per litre and diesel by ₹0.91 per litre in May 2026.
- 02India's cumulative fuel price increase remained close to 5%, significantly lower than many countries, including Myanmar (89.7%) and Malaysia (56.3%).
- 03For 76 days, India maintained stable fuel prices despite global volatility linked to the Strait of Hormuz tensions.
- 04Countries like the United States saw petrol prices rise by 44.5% and diesel by 48.1% during the same period.
- 05India's fuel price adjustments were among the smallest for major economies outside subsidizing Gulf nations.
Advertisement
In-Article Ad
In May 2026, India implemented a modest increase in petrol and diesel prices, raising petrol by ₹0.87 per litre and diesel by ₹0.91 per litre. Despite geopolitical tensions around the Strait of Hormuz and significant global fuel price hikes, India's cumulative fuel price increase remained around 5%. This contrasts sharply with countries like Myanmar, where petrol prices surged by 89.7%, and Malaysia, which saw a 56.3% increase. For nearly 76 days, India held fuel prices steady while many nations had to pass on rising costs to consumers due to their reliance on crude imports. The situation was exacerbated by escalating tensions involving Iran, the US, and Israel, which led to a global rally in crude oil prices. India's approach of delaying major price revisions allowed for a more gradual adjustment, resulting in significantly lower fuel inflation compared to global peers. This stability is attributed to government subsidies and strategic pricing policies, positioning India as an outlier among major economies during the ongoing energy crisis.
Advertisement
In-Article Ad
India's fuel price stability helps consumers avoid drastic increases in transportation and goods costs, unlike many global counterparts facing steep hikes.
Advertisement
In-Article Ad
Reader Poll
Do you think India should continue subsidizing fuel prices?
Connecting to poll...
Read the original article
Visit the source for the complete story.