Global fuel hike: India stands out as striking exception, says BJP’s Amit Malviya

NEW DELHI: BJP IT cell chief Amit Malviya said on Friday that India emerged as a 'striking exception' amid a sharp rise in global fuel prices triggered by ongoing West Asia conflict and disruption in crude oil supplies through the Strait of Hormuz.

On a microblogging platform X, sharing a detailed comparison of fuel price movements across major economies, Malviya said India recorded one of the lowest increases in petrol and diesel prices between February 23 and May 15 despite Brent crude remaining above $100 per barrel during much of the period.

According to the BJP leader, petrol prices in India rose 3.2 per cent during the period, while diesel prices increased 3.4 per cent. In contrast, several countries witnessed steep hikes in fuel prices.

He highlighted that Myanmar recorded an almost 90 per cent jump in petrol prices and more than doubled rise in diesel prices, while Malaysia saw petrol and diesel prices rise by 56.3 per cent and 71.2 per cent, respectively.

Similarly, Pakistan witnessed a 54.9 per cent increase in petrol prices and a 44.9 per cent rise in diesel prices, while fuel prices in the UAE and the United States also climbed sharply, he noted.