New Delhi, April 11 -- Petrol and diesel prices remained largely stable on 11 April, despite ongoing disruption in fuel supply chains across the globe and the resultant increase in crude oil markets. Since the war in West Asia began, international oil prices have been on an upward trajectory, increasing them by about 50%, above $100 per barrel.

Despite major fluctuations in global crude oil markets, domestic consumers have been insulated by the oil companies and the government. To alleviate the need for raising prices to some extent amid rising concern of spiking inflation, the government announced excise duty cut on petrol and diesel.

According to PTI report, Jio-BP, the country's second-largest private fuel retailer does not plan R...