New Delhi: The Ministry of Petroleum and Natural Gas has firmly dismissed reports suggesting a sharp increase in petrol and diesel prices after the ongoing assembly elections, calling such claims “false and misleading”. The clarification came on Thursday amid widespread speculation that fuel prices could rise by ₹25–28 per litre once voting concludes.

In an official statement shared on the social media platform X, the ministry stated that there is no proposal under consideration to revise fuel prices. It emphasised that the rumours circulating online are intended to create unnecessary panic among citizens.

“There are some news reports suggesting a price hike of petrol and diesel. It is hereby clarified that there is no such proposal under consideration by the Government,” the ministry said, reiterating that current fuel prices remain unchanged.

Government counters misinformation

The ministry described the circulating reports as “mischievous and misleading”, highlighting that they are designed to spread fear among the public. Officials stressed the importance of relying on verified sources for accurate information, particularly on issues that directly impact household expenses.

The government also pointed out that India is among the few countries where petrol and diesel prices have not increased over the past four years, despite volatility in global crude oil markets. This, it said, reflects sustained efforts by the Centre and public sector oil companies to protect consumers from international price shocks.

Oil companies continue to hold prices steady

The clarification comes at a time when global crude oil prices have been rising, triggering speculation about a potential revision in domestic fuel rates. However, the government stated that oil marketing companies have continued to hold retail prices steady.

This approach is part of a broader strategy to cushion consumers from inflationary pressures. By absorbing fluctuations in crude oil costs, oil companies have played a key role in maintaining price stability across the country.

The ministry noted that there has been no change in retail fuel prices and that existing rates continue to apply nationwide. It reiterated that there are no immediate plans to alter pricing, even as global energy markets remain uncertain.

Focus on affordability amid global uncertainty

The Centre has repeatedly underlined its commitment to ensuring affordability of essential fuels, especially during periods of global economic instability. Rising crude oil prices in international markets have posed challenges, but the government has prioritised consumer protection.

By keeping petrol and diesel prices unchanged, policymakers aim to prevent a ripple effect on inflation, as fuel costs directly influence transportation and commodity prices. This decision is particularly significant in the current economic environment, where households are already navigating cost pressures.

Conclusion

The government’s latest clarification puts to rest speculation about a post-election hike in petrol and diesel prices. While global crude trends remain uncertain, there is currently no proposal to increase fuel rates. Authorities have urged citizens to rely on official communications and avoid being influenced by unverified reports, as prices continue to remain stable across India.