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Fuel sales jump 13% as buyers stock up ahead of expected price hike

Economy
Published on 24 April 2026
Fuel sales jump 13% as buyers stock up ahead of expected price hike

Government denies a hike, yet panic buying spreads in pockets

Fuel sales across India have surged by about 13% as motorists stock up on petrol and diesel, fearing prices may rise after state polls conclude. Indian Oil Corporation reported a sharp jump in sales, while the government denied any intention to hike fuel rates. Even with assurances, panic buying continues in some areas, raising concerns about supply and pricing stability.

  • Fuel sales rose roughly 13% nationwide
  • Consumers are stocking up due to post-poll price fears
  • Indian Oil reported a significant jump in sales
  • Government denies any planned fuel price hike
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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