India has raised gasoline and diesel prices for the first time in four years as Middle East supply disruptions, soaring crude costs, and rising inflation intensify pressure on the country’s economy and energy system.

India's wholesale inflation surged to 8.3% in April — the highest since October 2022 — as fuel and power costs jumped nearly 25% year-on-year.

OMCs' production costs have "gone through the roof in the past month", Petroleum Minister Hardeep Singh Puri said last month after the governemnt cut central excise taxes to ease…

Prices were unchanged in March and April even as global crude prices shot up