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Govt rules out petrol and diesel price hike from May 1 amid election fuel panic
Economy
Published on 28 April 2026
Speculation sparked panic buying and fuel station queues
The government says it has no plan to raise petrol or diesel prices from May 1, as a petroleum ministry official clarified amid widespread speculation. After key state elections, rumors of an upcoming fuel hike triggered panic buying in some areas, leading to long queues at fuel stations. The clarification aims to calm markets and consumers.
- No proposal to raise petrol or diesel prices from May 1
- Fuel-price hike speculation followed key state elections
- Rumors led to panic buying and long queues at stations
- Government clarification comes from a petroleum ministry official
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times