Petrol, Diesel Price Likely To Hike After Assembly Elections 2026? Govt Responds To Reports

The Ministry of Petroleum and Natural Gas on Thursday, April 23, responds to media reports suggesting that fuel prices, including petrol and diesel might increased after conclusion of ongoing Assembly elections 2026 in Tamil Nadu, Kerala, West Bengal. 

The Petroleum Ministry term it as "FAKE NEWS" and said no such proposal is under consideration at present. "Such news items are designed to create fear and panic amongst the citizens and are mischievous and misleading," Petroleum Ministry stated further in a post on X.

FAKE NEWS

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.
Such news items are designed to create fear and panic amongst the citizens and are mischievous and… pic.twitter.com/yTAfJdah2o

— Ministry of Petroleum and Natural Gas #MoPNG (@PetroleumMin) April 23, 2026

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Citing recent data, reports indicate that petrol and diesel prices in India have remained largely unchanged over the past few years, even as global crude oil prices have seen periodic increases.

"In fact, India is the only country where petrol and diesel prices haven’t increased in the last 4 years. Govt of India and Oil PSUs have taken relentless steps in order to insulate the Indian citizens from steep increases in international prices," said Petroleum Ministry.