"If this is to continue for longer period of time, it is just a matter of time before the government will pass on some of the price increases," Malhotra said at a conference hosted by the Swiss National Bank and the International Monetary Fund in Switzerland on Tuesday. Excise duties had been cut while state-run fuel retailers were absorbing the increase in crude prices as the conflict continues, he added.

Officials in PMO and finance ministry have held discussions with RBI on measures to limit damage from soaring oil prices.

"If this is to continue for longer period of time, it is just a matter of time before the government will pass on some of the price increases," Malhotra said at a conference…

Petrol, Diesel Price (May 14): Petrol and diesel prices remain stable in India despite rising global crude oil costs and West Asian conflict. Oil marketing companies are absorbing…

India's state-run oil companies raised petrol and diesel prices by more than three percent on Friday as disruption to energy supplies due to the Iran war mounts pressure on the…

New Delhi, May 15 — India’s state-run oil companies raised petrol and diesel prices by more than three per cent today as disruption to energy supplies due to the Iran war...

The latest adjustment marks a rare shift after a long period of steady rates

For the first time in four years, Indian fuel retailers have increased the prices of petrol and diesel. Analysts warn this could be the first of many hikes.

India is taking urgent steps to protect its economy. Fuel prices have risen. Gold imports are restricted. Local government staff in Delhi are working from home to save fuel. Sugar…

He expected inflation to rise further as government action on fuel and gold comes "too little, too late," while geopolitical risks and supply disruptions keep pressure on the…

Petrol, Diesel price today: Fuel prices have been increased by Rs 3 per litre as state-run oil companies face mounting losses due to rising global crude oil prices. Experts…