Petrol and diesel prices in India remained unchanged on March 27, despite the government's decision to cut excise duties. The central government reduced special additional excise duties on diesel and petrol to ₹3 per litre and zero, respectively.
Residents flocked to fuel stations across India amid concerns of an oil price surge, with police deployed in Uttar Pradesh to maintain order. Petrol prices in major cities remained largely unchanged, with the highest price recorded in Hyderabad at ₹107.46.
Over the past 10 days, prices have fluctuated between ₹103.50 and ₹90 across cities. Diesel prices also remained unchanged, with Hyderabad recording ₹95.70 per litre.
The excise duty cut comes amid a supply disruption due to the US-Iran war, which has pushed global crude oil prices above $100. Disruptions at major supply routes have worsened the situation.
