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New Delhi: A widely shared chart posted by many pro-government journalists on social media highlights that India’s recent fuel hike was as low as 3%, while countries like the US, UAE and Canada saw spikes ranging from 30% to 80%. This makes India look like a global outlier in price stability and shows that the Modi government is protecting the consumers.

However, it is a misleading view covering a short time-period that ignores the starting price of fuel. It is because India did not lower fuel prices when global crude oil crashed in previous years.

Moreover, the data is a reactive snapshot that captures a moment of global volatility where market-linked countries saw........

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