⛽ Even after recent hikes, India’s petrol and diesel prices have risen far less than many countries during the global oil shock triggered by the Strait of Hormuz crisis. While nations like Myanmar, Pakistan and the UAE saw fuel prices surge sharply, India limited t

moneycontrol.com’s Post 1,305,061 followers 11m ⛽ Even after recent hikes, India’s petrol and diesel prices have risen far less than many countries during the global oil shock triggered by the Strait of Hormuz crisis. While nations like Myanmar, Pakistan and the UAE saw fuel prices surge sharply, India limited the increase through excise duty cuts and delayed pass-through of global crude prices. 📍Key highlights: • Petrol & diesel up 7–8% in India • Global average hikes crossed 20%+ • Brent crude briefly crossed $120/barrel • Oil companies absorbed losses for weeks • Govt cut fuel taxes multiple times to soften the impact 👉 Swipe to see how India compares globally and what kept prices relatively lower. 🔗 Read more: https://lnkd.in/givxEMnN #FuelPrices #PetrolPrice #DieselPrice #OilPrices #IndiaEconomy #CrudeOil #Inflation #BusinessNews More from this author Explore content categories