10/05/2026
As tensions around the Strait of Hormuz disrupted global energy markets and pushed crude oil prices upward, several countries witnessed immediate increases in fuel costs and supply concerns.
Despite being heavily dependent on crude imports, India managed to maintain stable fuel availability and relatively controlled petrol, diesel, and LPG prices during the period. State-run oil marketing companies absorbed significant financial under-recoveries to protect consumers from sudden price shocks and ensure uninterrupted supply across the country.
