India's diplomatic response to West Asia crisis

Notes

• India maintained energy security during the West Asia crisis through strategic decision-making and diplomatic engagement.
• No fuel rationing was implemented for petrol or diesel during the crisis period.
• Domestic LPG prices were shielded from global spikes, capped at under ₹950 per cylinder and ₹650 for Ujjwala beneficiaries, despite potential market rates of ₹2,000.
• Urea prices were maintained at ₹300 per bag, significantly lower than the potential global market price of ₹3,000 per bag.
• State-run Oil Marketing Companies (OMCs) absorbed losses of approximately ₹75,000 crore in the June-end quarter to protect consumers.
• India is currently the world's fourth-largest refiner, with ongoing efforts to expand refining and petrochemical capacity.
• The HPCL Rajasthan Refinery Ltd. (HRRL) in Balotra serves as India’s first greenfield integrated refinery-petrochemical complex.

Part of a longer story

This is day 3 of 14 in India's fuel pricing policy and retail market dynamics, which has been running since 28 June 2026. Reading it whole is usually worth more than reading today alone — the exam asks how something developed.

• Fuel price outlook Before
• Modi and Albanese on West Asia conflict After
• The whole story 14 entries