As of May 9, petrol and diesel prices in major Indian cities, including Delhi, Mumbai, Kolkata, and Bengaluru, have remained stable despite significant increases in global crude oil prices. The geopolitical tensions in West Asia have led to crude prices soaring to a four-year high of $126 per barrel on April 30, before slightly declining to $97.77 per barrel on May 6. The Indian government has opted to keep domestic fuel prices unchanged to cushion consumers from the inflationary impact of rising global prices. According to Crisil Chief Economist Dharmakirti Joshi, this strategy has resulted in higher Wholesale Price Index (WPI) inflation compared to Consumer Price Index (CPI) inflation, as the pass-through of increased crude oil prices has not affected household fuel costs. While commercial LPG cylinder prices have increased, petrol, diesel, and domestic LPG prices remain stable, indicating the government's effort to protect consumers amid the ongoing energy crisis.