Union Petroleum and Natural Gas minister Hardeep Singh Puri said that compared to fuel price hikes globally, India only raised prices by 2 per cent, which is way below that of other countries.

"In terms of petrol and diesel, if the increases in North America are 43-46 per cent, in India we allow prices to go up by only 2 per cent or so. In terms of gas, global benchmarks went up by 260-280 per cent and our own ability to contain gas price increases was something around 70 per cent," Puri told reporters in Washington DC.