Petrol Diesel Rates Jump Again Here’s How Long India’s Oil Shock Usually Lasts

Crude spikes tend to fade in just months

Bank of Baroda economist Dipanwita Mazumdar says India’s current petrol and diesel pain is likely tied to how crude shocks historically play out. She notes crude prices have risen 39.7% during the current global crunch, and when crude surges sharply, the “high” typically lasts only 6–7 months. Looking back over 54 years, she found major crude jumps—over 20% in a year—occurred in 18 instances. The latest hikes, ending a four-year revision freeze, add urgency amid rising imports.