Jio-bp Holds India Fuel Prices Steady
Analysis based on 7 articles · First reported Apr 10, 2026 · Last updated Apr 10, 2026
The decision by Reliance Industries Limited===Jio-bp to hold fuel prices steady in India, despite rising international crude oil prices, is expected to positively impact consumers by mitigating inflation. This contrasts with Rosneft===Nayara Energy and Shell India's price hikes, potentially shifting market share among fuel retailers.
Reliance Industries Limited===Jio-bp, a joint venture between Reliance Industries and BP, has announced its decision not to immediately raise fuel prices in India. This move comes despite international crude oil prices surging above $100 per barrel due to the ongoing conflict in West Asia. The company's chief executive, Akshay Wadhwa, stated that Reliance Industries Limited===Jio-bp is committed to supporting the country and has seen increased sales due to its specialized additives. In contrast, Rosneft===Nayara Energy, largely owned by Rosneft, and Shell India have increased their fuel prices. The Indian government has also contributed to insulating consumers by cutting excise duty on petrol and diesel.
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