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Govt Slams Rumors of ₹25 Petrol Hike, Calls It Mischievous and Fake
Business
Published on 24 April 2026
A broker note suggested a sharp spike after elections end
India’s government dismissed circulating claims of a ₹25 per litre petrol and diesel price hike, with the Ministry of Petroleum and Natural Gas calling the reports “mischievous” and intended to trigger panic. The clarification followed attention to a Kotak Institutional Equities research note that projected a possible jump after state elections conclude on April 29.
- MoPNG calls the fuel hike reports mischievous and fake
- Rumors aimed to create panic among consumers, it says
- Clarification came after a Kotak note predicted a post election spike
- Elections end April 29, according to the report
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This summarization was done by Beige for a story published on 
Republic