India Raises Fuel Prices Again as Iran War Squeezes Refiners
Prices of diesel and gasoline in New Delhi were increased by a modest 1% and 0.9%.
Photographer: Ritesh Shukla/Getty Images
India’s state-run refiners raised fuel prices for the second time in less than a week, as they grapple with economic losses after the Middle East conflict drove the cost of crude significantly higher.
Prices of diesel and gasoline in New Delhi were increased by a modest 1% and 0.9%, respectively, to 91.58 rupees and 98.64 rupees a liter. That followed a hike on Friday for both fuels across India, the first boost in four years that elevated prices to the highest level since May 2022.