Global Crude Oil Surges, But Why Petrol Prices In India Aren’t Rising Yet | Explained Alexis Saelemaekers [3BEDBFS0vn1]

Global oil prices are surging, with Brent crude nearing $108 per barrel amid rising geopolitical tensions. But in India, petrol prices remain largely unchanged. Why?

This video breaks down Indias unique fuel pricing systemwhere oil marketing vera gemma companies act as a data center buffer, absorbing shocks to protect consumers from sudden price spikes. From excise duties to VAT and refinery costs, we explain how petrol prices are managed, not purely market-driven.

While this system shields consumers from volatility, it also means prices dont always fall when global crude drops.

Watch to understand the real story behind Indias stable fuel prices.

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