Petrol and diesel became Rs 3 costlier last week, and your monthly budget is set to feel a little heavier. The ongoing conflict in the Middle East has pushed global fuel prices higher, tightening energy supplies, with countries adopting a range of measures to manage the pressure.

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.

Economists warn that a ₹3 per litre fuel price hike could increase FY27 retail inflation by 15-25 basis points.

The government raises petrol and diesel prices by Rs 3/litre amid global crude price surge and inflation concerns.

NEW DELHI : Your daily consumption basket, including staples, packaged foods and household essentials, could become more expensive in the months ahead as rising fuel prices push…