Fuel Hikes Mildest in India Compared to Global Peers

Four modest revisions since mid-May have lifted Indian petrol and diesel prices by about seven-and-a-half percent, the smallest movement recorded among major oil importers. In New Delhi, petrol has climbed 7.35 rupees to 102.12 rupees per litre, while diesel has risen 7.53 rupees to 95.20 rupees. Across developed economies, pump prices routinely surpass 150 rupees and frequently exceed 180 rupees. The European Union average stands at 179 rupees for petrol and 184 rupees for diesel. Even lower-income neighbours such as Pakistan and Nepal have crossed 135 rupees. The limited domestic adjustment reflects a deliberate policy choice to spread the burden rather than pass every barrel-cost increase directly to motorists. As a result, India’s non-subsidised prices remain competitive with most developing nations and significantly below European levels, underscoring the country’s comparative resilience amid the Hormuz Strait disruption.