On April 11, petrol and diesel prices in major Indian cities remained largely stable despite a 50% rise in global crude oil prices, which have surged due to ongoing conflicts in West Asia. The Indian government intervened by cutting excise duties on fuel to help manage inflation. Jio-BP, the second-largest private fuel retailer in India, announced it would not increase fuel prices immediately, while Nayara Energy raised petrol prices by ₹5 per litre and diesel by ₹3. The disruption in oil supply chains, particularly through the Strait of Hormuz, has contributed to these fluctuations in global oil prices.

In response to rising fuel costs, there has been a notable increase in electric vehicle (EV) registrations, which rose by 29% in FY26 compared to the previous year. This trend is supported by the new EV policy that is expected to provide increased incentives for consumers. Meanwhile, registrations of CNG vehicles have also seen an uptick, while diesel vehicle registrations have hit their lowest levels since 2019, indicating a shift towards cleaner fuel options among consumers.