Why is India not raising fuel prices amid oil surge
India
Despite crude oil prices soaring past $100 a barrel due to Middle East tensions, the Indian government isn't raising gasoline or diesel rates for now.
Instead, oil marketing companies are expected to absorb the extra cost, so there is no immediate plan for sudden hikes at the pump.
No cause of worry for energy consumers: Puri
Officials say they're closely tracking the situation but aren't planning any fuel price changes soon.
To make sure households and hospitals don't run out of liquefied petroleum gas (LPG), India has boosted domestic production and prioritized essential services.
Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas, reassured everyone, "There is no shortage of energy in India and there is no cause of worry for our energy consumers."