Fuel Prices: India Tops Global Stability, BJP Hits Back at Congress

In the face of a worldwide energy crunch, India has recorded the smallest fuel price escalation among major players, a point BJP leaders are aggressively championing against political rivals. The modest hike announced recently has sparked debate, but data paints a picture of relative relief for Indian consumers.

Amit Malviya’s detailed X thread laid bare the international chaos: West Asia war and Hormuz blockade propelled Brent crude past $100 for weeks. Consequences were brutal—US petrol +44.5%, diesel +48.1%; Pakistan +54.9% petrol, +44.9% diesel; UK +19.2% petrol, +34.2% diesel; Germany +13.7% petrol, +19.8% diesel; Japan +9.7% petrol, +11.2% diesel; Myanmar’s shocking +89.7% petrol, +112.7% diesel.

India bucked the trend with petrol up 3.2%, diesel 3.4% over three months. ‘Not automatic—oil majors bore ₹1,000 crore daily hits for 76 days,’ Malviya explained, crediting their 90% market dominance in absorbing crude volatility.

This ₹3/liter bump, first since 2020, is just 3.5% on base rates. Globally, contrasts glare: 55% in Pakistan, 56% Malaysia, 45% US, with diesel often doubling due to supply chain dependencies.

Malviya connected dots to everyday life: ‘Fuel stability means tamed inflation in goods transport, farming inputs, building costs, family budgets.’ Pradeep Bhandari slammed Congress: ‘Shame on politicizing crises—they always seek political mileage and fail.’

‘1.4 billion back Modi’s vision,’ he added. This episode highlights India’s oil strategy as a masterclass in crisis navigation, delivering tangible benefits amid global turmoil.