Stable Fuel Prices Amid Global Crude Oil Surge: Insights from Major Indian Cities
Petrol, diesel prices today in your city: Fuel prices in Delhi, Mumbai, Chennai, Kolkata, Bengaluru on 11 April
Mint
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On April 11, petrol and diesel prices in major Indian cities remained stable despite a 50% increase in global crude oil prices due to ongoing conflicts in West Asia. The Indian government has intervened with excise duty cuts to mitigate inflation concerns, while electric vehicle registrations surged by 29% as consumers seek alternatives.
- 01Petrol and diesel prices remained stable on April 11 despite global crude oil price increases.
- 02The Indian government cut excise duties to alleviate inflation pressures.
- 03Jio-BP plans no immediate price hikes, while Nayara Energy raised prices by ₹5 for petrol and ₹3 for diesel.
- 04Electric vehicle registrations surged by 29% in FY26, indicating a shift towards cleaner alternatives.
- 05CNG vehicle registrations also rose, while diesel vehicle registrations declined to their lowest since 2019.
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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.
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Consumers are increasingly turning to electric and CNG vehicles as fuel prices remain a concern, potentially leading to long-term changes in vehicle registration trends.
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