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The BJP connected Friday (May 15, 2026) defended the hike successful substance prices, claiming that India managed to shield citizens from the planetary lipid daze for much than 2 months portion implementing lone a "limited and calibrated" increase, adjacent arsenic respective countries witnessed a steep terms rise.
The remarks came aft petrol and diesel prices were hiked by ₹3 per litre each, the archetypal summation successful much than 4 years, amid mounting losses suffered by lipid selling companies owed to surging planetary crude lipid prices.
Prime Minister Narendra Modi precocious suggested measures to trim substance consumption, including the usage of metro services, carpooling, electrical vehicles, and work-from-home arrangements, to assistance conserve overseas speech reserves amid the West Asia crisis.
Petrol and diesel prices hike LIVE updates
In a station connected X, BJP IT compartment caput Amit Malviya said India recorded 1 of the lowest increases among large economies, with petrol prices rising by 3.2% and diesel by 3.4%.
“The ₹3 per litre summation announced connected May 15 is efficaciously the archetypal substance terms hike successful astir 4 years, and connected a basal terms of astir ₹95 per litre, it translates to lone astir a 3.5% increase,” helium said.
“India emerged arsenic a chiseled and noteworthy objection successful this full picture. India recorded the lowest summation among large economies,” helium added.
The BJP person claimed that India's nationalist assemblage lipid selling companies, which relationship for astir 90% of the retail substance market, absorbed a important information of the summation successful crude lipid costs for 76 days aft the West Asia situation intensified.
“For 76 days aft the West Asia situation intensified, India's nationalist assemblage lipid selling companies did not walk connected the afloat load of rising planetary crude lipid prices to consumers. They absorbed a important information of the outgo themselves,” helium said.
Citing reports, helium claimed that under-recoveries had risen to astir Rs 1,000 crore per day.
“With the Strait of Hormuz facing disruptions and lipid supplies getting affected, Brent crude stayed supra $100 per tube for astir of April and May. The interaction was straight disposable astatine substance stations crossed astir each large economy,” helium said.
He claimed that betwixt February 23 and May 15 this year, respective countries, including Malaysia, the UAE and the US, witnessed a steep emergence successful substance prices.
Mr. Malviya, sharing data, claimed Pakistani radical were paying astir 55% much for substance than they were 3 months ago, portion Malaysia witnessed increases of implicit 56%. In the United States, prices roseate by astir 45%.
“In respective countries, diesel prices person risen betwixt 50% and 100%, particularly due to the fact that diesel straight affects freight movement, commercialized and logistics,” helium said.
“Only Saudi Arabia saw nary summation due to the fact that of its nonstop subsidy mechanism. But among large economies, India remained the state wherever the load connected mean citizens was kept the lowest,” helium added.
He said substance terms power has a nonstop bearing connected ostentation arsenic it affects transportation, nutrient prices, logistics, operation costs and household budgets.
“The existent communicative is that portion astir countries astir the satellite saw petrol and diesel prices emergence by 10%, 20%, 50%, and successful immoderate cases adjacent 90%, India managed to bounds the summation to astir 3%,” Mr. Malviya said.
BJP nationalist spokesperson Pradeep Bhandari besides accused the Congress of indulging successful “political opportunism” astatine a clip of planetary vigor crisis.
“In India, substance prices person accrued by lone astir 3 per cent, compared to the planetary mean summation of implicit 20%t.
“140 crore Indians are lasting with economical patriotism nether Prime Minister Narendra Modi,” helium said successful a station connected X.
