Petrol & Diesel Prices Stable: Government Denies Any Hike After Elections
Amid widespread speculation, the Indian government has clarified that petrol and diesel prices will not increase even after elections. The Ministry of Petroleum and Natural Gas dismissed rumors of a price hike, urging citizens not to panic-buy fuel.
Despite rising global crude oil prices—driven by geopolitical tensions—domestic fuel rates have remained unchanged since 2022. However, this stability comes at a cost, with government oil companies reportedly facing significant losses.
Key highlights:
• No immediate fuel price hike planned
• Panic buying reported in several regions due to rumors
• Oil companies facing heavy daily losses
• Global crude prices surge past $100/barrel
• Government assures adequate fuel supply nationwide
While consumers get short-term relief, uncertainty in the global oil market continues to keep future pricing under watch.