India’s Truckers Brace for First Diesel Price Hike in Four Years

Operators of truck fleets across India are bracing for fuel rationing and the first significant increase in diesel prices in years, a move that would end a period of relative stability that has continued even into a war in the Persian Gulf.

The world’s third-largest oil importer is among the countries most exposed to the trade upheaval in the Middle East as the conflict extends into an eighth week — but it has not faced the widespread price hikes at the pump seen elsewhere, as the government shields consumers and state-run refiners absorb losses.