How India Balances Oil Shocks While Keeping Fuel Prices Steady
Edited By WION Video Desk
Published: Mar 13, 2026, 17:30 IST | Updated: Mar 13, 2026, 17:30 IST
India has developed multiple strategies to manage global oil price shocks while keeping petrol and diesel prices relatively stable for consumers. The Government of India uses a mix of diversified crude imports, strategic reserves, tax adjustments, and coordination with public sector oil companies to cushion the impact of volatile global markets.
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