Jio-BP, the fuel joint venture of Reliance Industries Ltd and BP Plc, has decided not to raise fuel prices immediately despite a surge in international oil prices, which have exceeded $100 per barrel. CEO Akshay Wadhwa stated that the company is committed to supporting consumers and the economy by keeping retail petrol and diesel rates stable. This decision aligns with public sector firms that have also refrained from passing on increased raw material costs to consumers to avoid exacerbating inflation. Jio-BP has reported a 30% increase in petrol sales and a 25% increase in diesel sales in March, attributed to the performance of its specialized fuel additives. The company operates 2,185 petrol pumps across India and has a market share of 4% in petrol and 6% in diesel sales. Despite competitors like Nayara Energy raising their prices, Jio-BP assures that it has sufficient fuel supplies and is operating without any restrictions on sales.