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While Brent crude prices almost doubled (from $72 to nearly $144 per barrel), India avoided price hikes or fuel shortages.
The government cut excise duties by ₹10 per liter and dropped extra taxes on diesel to help out.
So, even though companies were losing ₹600 to ₹700 crore every day in April, pump prices stayed at ₹94.77 for petrol and ₹87.67 for diesel—a move that kept things stable here while other countries saw sharp hikes and rationing.