No Fuel Price Hike in India for Over 4 Years and 60 Days Despite Global Crises: Hardeep Puri

May 1, 2026

Surat: Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Friday said that India has maintained stability in petrol and diesel prices for four years and 60 days despite global volatility in energy markets.

He was speaking at the Vibrant Gujarat Regional Conference (VGRC) – South Gujarat in Surat, which brought together central and state ministers, diplomats and industry leaders as part of Gujarat’s regional outreach under the Vibrant Gujarat framework.

“Despite global war, supply chain crises, and tensions in the Strait of Hormuz, India has remained steady,” he said.

He stated that retail fuel prices in India have not been increased for four years and 60 days, contrasting this with neighboring countries where he said “fuel prices had risen significantly, in some cases between around 39 percent and 66 percent,” alongside shortages, rationing and restricted working hours.

He said India had deliberately avoided reactive or panic-driven policy decisions. “The government did not allow panic to become policy. Economic stability had been maintained through multiple electoral cycles,” he noted.

Union Jal Shakti Minister C.R. Patil also addressed the gathering, highlighting Surat’s industrial contribution to national infrastructure and defense manufacturing.

“Industries from the region had played a role in major national projects, including the Chenab Rail Bridge in Jammu and Kashmir, where steel from AM/NS was used,” he said.

He further noted that K9 Vajra artillery systems manufactured at LT’s Hazira facility were strengthening India’s defense capabilities.

“Surat’s industries have contributed to the country’s landmark projects, including the Chenab Rail Bridge and modern defense systems,” he said.