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Crude Oil Prices Doubled, Yet Government Shielded Consumers: Unveiling the Strategy
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Crude Oil Doubles: How India Shielded Consumers from Price Hikes
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News18
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21-03-2026, 20:14
Crude Oil Doubles: How India Shielded Consumers from Price Hikes
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Crude oil prices surged from $62 to over $150 per barrel due to West Asia tensions.
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Government and oil companies kept petrol and diesel prices stable for general consumers.
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Premium petrol (95 octane) prices increased by approximately 2 rupees per liter, affecting high-end vehicles.
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Bulk diesel prices rose by up to 22 rupees per liter, impacting industries and commercial sectors.
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India adopted a balanced pricing policy to minimize direct impact on the public and control inflation.
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