Petrol and diesel price outlook in India, Malaysia and Pakistan amid stable global crude
India's petroleum minister signalled possible price cuts, Malaysia announced a diesel price reduction, and Pakistan's petroleum minister said no sector is being favoured, while analysts warn of fiscal risks.
Union Petroleum Minister Hardeep Singh Puri said that petrol and diesel prices may decrease in the near future, and global crude oil price increases have been minimal despite market volatility. Malaysia is lowering diesel prices to RM2.10 per litre for all citizens, according to CNA, while CNA also reported that analysts warn the reduction could squeeze Malaysia’s fiscal space if oil prices rise again.
According to Dawn, Pakistan’s Petroleum Minister Ali Pervaiz Malik said the government is neither giving preference to any sector nor imposing any undue burden. Dawn also reported that international petrol prices ranged between $90.36 and $98.35 per barrel and high‑speed diesel prices ranged between $104.79 and $109.09 per barrel during June 22‑26.
In India, fuel currently sold at retail outlets was refined from crude purchased when the West Asia conflict had pushed prices, freight and insurance costs sharply higher, as reported by The Hindu. The Times of India noted that the Indian government has absorbed significant costs through excise duty cuts, shielding consumers from the full impact of rising international rates.
Tamil Nadu Chief Minister Joseph Vijay criticised the recent increase in fuel prices, calling it “unacceptable” and urging the Union Government to reverse the decision, according to IndiaTV. Vijay also argued that when crude oil prices decline internationally, oil companies do not correspondingly reduce retail prices, as reported by IndiaTV.
This account was written only from facts that survived Augur's
corroboration pass — 2 corroborated across opposed news blocs,
0 contested (attributed to both sides), 9
single-source (attributed). Nothing was added; no significance was inferred.
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