In the face of rising global fuel prices driven by tensions in West Asia, India has managed to implement one of the smallest increases in retail fuel prices among major economies. On May 15, 19, and 23, oil marketing companies, including Indian Oil Corporation Limited and Bharat Petroleum Corporation Limited, raised petrol prices by ₹4.74 per litre and diesel by ₹4.82 per litre, marking a cumulative increase of about 5% for petrol and 5.3% for diesel. This is significantly lower compared to countries like Myanmar, where petrol prices soared by nearly 90%, and Malaysia, which saw increases of over 56%. The Indian government has absorbed a substantial part of the crude oil cost increases through excise duty cuts and has limited the pass-through to consumers. Since 2021, multiple excise duty reductions, including a ₹10 cut per litre in March 2026, have helped cushion the impact of rising global prices on Indian consumers. As international crude oil prices continue to rise, India's strategy of managing fuel prices is noteworthy amidst a backdrop of significant increases in neighboring countries and developed economies.