India’s Diesel Price Increase May Signal More Assertive Singh

India’s Diesel Price Increase May Signal More Assertive Singh

Prashanth Vishwanathan/Bloomberg

The price of diesel was raised 14 percent to about 47 rupees a liter in New Delhi, the oil ministry said in an e-mailed statement yesterday. That’s the first increase since June 25, 2011, according to data on refiner Indian Oil Corp.’s website.