BackECONOMY
Centre says no plan to hike petrol, diesel prices amid West Asia tensions; ensures fuel supply
The Centre stated there is no current plan to raise retail fuel prices, and petrol and diesel will remain unchanged for now, even as West Asia tensions affect global energy markets. It assured adequate supply of LPG, PNG, and CNG, with partial disruption to commercial LPG, prioritizing critical sectors and vulnerable groups, and taking steps to prevent price shocks.
Why It Matters
The government’s reassurance aims to stabilize domestic fuel prices and maintain energy security amid international tensions that could impact energy markets.
Timeline
1 Event
Centre: No plan to hike petrol, diesel prices amid West Asia tensions; supply assurances given
April 28, 2026
The Centre stated that there is no proposal at present to increase retail fuel prices, and petrol and diesel prices will remain unchanged for now as the government continues to monitor the evolving situation. Officials said LPG, petroleum and diesel are available in sufficient quantities and prices have not increased. They reassured consumers about adequate availability, including 100% supply for domestic LPG and PNG consumers, and for CNG used in transportation. While commercial LPG supplies have been partially impacted, availability has been restored to around 70%, with priority given to hospitals, educational institutions, essential industries (pharmaceuticals, steel, seeds, agriculture), and to vulnerable groups; the supply of 5-kg free trade LPG cylinders for migrant workers has nearly doubled. The government emphasized that global oil markets remain volatile due to West Asia tensions and that the situation is being closely tracked to maintain supply stability and prevent immediate price impacts.