Why India may not be done with petrol, diesel price hikes yet | Explained

Why India may not be done with petrol, diesel price hikes yet | Explained

India has raised petrol and diesel prices four times since May 15 — cumulative hikes of ₹7.35/L and ₹7.53/L — as US-Iran conflict disrupts Strait of Hormuz shipping, through which passes one-fifth of global crude supply. With Brent still near $100/barrel and OMCs carrying unrecovered losses, a fifth hike remains on the table unless diplomacy restores energy flows — a direct cost-pressure signal for any operation with significant India exposure or logistics in the region.