Fuel prices in India stayed unchanged on April 24 despite global crude volatility linked to rising West Asia tensions and the Strait of Hormuz crisis. Oil marketing companies reportedly update petrol and diesel rates daily from 6 AM, using international crude benchmarks. In major cities including Kolkata, Mumbai and Chennai, drivers may not see any change even as shipping disruptions keep international prices under pressure.
The petroleum ministry has rejected reports claiming petrol and diesel prices will rise by Rs 25–28 per litre. Officials called the story mischievous and misleading, pointing out that India has not seen fuel price hikes for the past four years. They said efforts continue to protect consumers from global volatility, particularly as tensions persist in the Middle East.
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With elections looming, Indian truck fleet operators are bracing for the first diesel price increase in four years. A flare-up in the Middle East is rippling through global oil supplies, raising costs and fueling inflation pressure. State refiners may rethink fuel strategies as the risk of fuel rationing and steeper diesel rates looms over transport demand.
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