India’s wholesale price index (WPI) for fuel and power showed a modest easing in deflation in February 2026, suggesting some stabilization in wholesale fuel prices. The year-over-year change in the WPI fuel component stood at -3.78% in February, compared with -4.01% in January 2026.
Both figures are measured on a year-over-year basis, comparing each month with the same month a year earlier. The February reading indicates that while fuel prices at the wholesale level are still lower than a year ago, the degree of decline has narrowed slightly from the previous month. The updated data were released on 16 March 2026.