India's fuel market shows resilience amid global volatility. Premium petrol prices surged by Rs 2 to Rs 2.35 per litre on March 20, driven by Middle East geopolitical tensions affecting crude oil markets. However, regular petrol and diesel prices remained stable across major Indian cities including Delhi, Mumbai, and Kolkata. Premium variants like BPCL's Speed, HPCL's Power, and IOCL's XP95 absorbed the increases. Despite heavy dependence on energy exports, India has managed to shield consumers from broader fuel price escalation seen globally, maintaining competitive rates in metros where petrol ranges from Rs 94.77 to Rs 107.50 per litre. This selective pricing strategy reflects careful management of inflationary pressures on consumers.
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