Steep prices of diesel, petrol and kerosene will hit consumers, besides driving inflation locally unless the government subsidises prices to cushion users.

Breaches the symbolic threshold for the first time since July 24 as supply risks mount.

New Delhi, Sep 9 (PTI) State-owned fuel retailers are losing Rs 5 per litre on petrol and Rs 23 a litre on diesel as fresh hostilities in West Asia pushed international oil prices…