Oil Ministry refutes petrol, diesel price hike buzz: ‘India the only country where petrol and diesel prices...’
Mint·2h ago·Neutral
What Happened
India's Petroleum Ministry dismissed reports of a ₹25-28 per litre petrol and diesel price hike after assembly elections as misleading. The government stated no such proposal exists under consideration. Officials noted India uniquely maintained stable fuel prices for four years despite international crude price volatility, attributing this to protective measures by government and oil PSUs.
Key Entities
Ministry of Petroleum and Natural GasIndiaKotak Institutional EquitiesWest BengalPetrolDieselCrude Oil$120 per barrel