India holds fuel prices steady for 4 years and 60 days amid global energy crisis: Hardeep Puri
Synopsis
Inded
Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Friday, 1 May said that India has maintained stability in petrol and diesel prices for four years and 60 days despite sustained global volatility in energy markets, including wars, supply chain disruptions, and geopolitical tensions in the Strait of Hormuz. He was speaking at the Vibrant Gujarat Regional Conference (VGRC) — South Gujarat in Surat, which brought together central and state ministers, diplomats, and industry leaders under Gujarat's regional outreach framework.
India's Fuel Price Stability in Context
Puri stated that retail fuel prices in India have not been raised for four years and 60 days, a record he contrasted sharply with neighbouring countries. According to the minister, fuel prices in some of those nations had risen by between 39% and 66%, accompanied by shortages, rationing, and restricted working hours for fuel stations.
