India's Petrol and Diesel Prices Remain Stable Amid Neighboring Country Surges The global surge in crude oil prices following the Iran conflict has led to significant increases in petrol and diesel costs in neighboring countries like Myanmar, where diesel prices have risen by 128.50% and petrol by 93.9%. However, India continues to enjoy relative stability in its fuel prices, despite being a major importer of crude oil. This article explores the reasons behind India's pricing strategy, the factors influencing its current situation, and the potential future implications for consumers. Myanmar, Philippines, Malaysia, Cambodia, Pakistan, Laos, Zimbabwe, UAE, Vietnam, and Panama are among the top 10 countries where petrol and diesel prices have spiked sharply. In Myanmar, diesel prices have surged by 169.5% since the war began, while petrol prices have risen by 93.9%. These increases are attributed to the global rise in crude oil prices, which have been exacerbated by geopolitical tensions and supply chain disruptions. In contrast, India has managed to keep its fuel prices relatively stable, even as international markets face volatility. India's reliance on imported crude oil—accounting for approximately 85% of its total demand—means that global price fluctuations directly impact its energy costs. However, the government and state-owned oil companies (PSUs) have implemented measures to shield consumers from immediate price hikes. This includes strategic pricing adjustments, tax modifications, and subsidies that help absorb the cost burden. As a result, the average price of petrol in Delhi remains at 94.77 rupees per liter, while diesel is priced at 87.67 rupees per liter. The Indian government's control over fuel pricing is a key factor in maintaining stability.#india #philippines #malaysia #myanmar #cambodia
