India limited consumer impact during the global oil shock, raising petrol and diesel prices by less than ₹5 per litre after a 76-day freeze on hikes.

India experiences a minimal fuel price hike of about 5% despite global surges due to the West Asia crisis.

India limited consumer impact during the global oil shock, raising petrol and diesel prices by less than ₹5 per litre after a 76-day freeze on hikes.

India limited the impact of global oil shocks by capping fuel price hikes to under ₹5 per litre, absorbing crude costs for 76 days before gradual increases.

Petrol and diesel prices have risen for the fourth time in two weeks, driven by global crude oil surges and the economic fallout of the Iran war.

India’s fuel prices have surged amid Strait of Hormuz disruptions due to the US-Iran war, with hikes of over ₹7 per litre in both petrol and diesel prices. | India News

India is raising fuel prices again as the Strait of Hormuz crisis drives up crude costs, inflation, and pressure on refiners.