Why India may not be done with petrol, diesel price hikes yet | Explained
India, May 25 -- India's fuel prices have now been raised four times in less than two weeks, and experts say another hike cannot be ruled out as the US-Iran war continues to disrupt global energy supplies and keep crude oil markets volatile.
State-run oil marketing companies (OMCs) on Monday increased petrol prices by Rs.2.61 per litre and diesel by Rs.2.71 per litre, taking cumulative hikes since May 15 to about Rs.7.35 and Rs.7.53 per litre respectively.
In Delhi, petrol is now retailing at Rs.102.12 per litre and diesel at Rs.95.20 - the first time in four years that petrol prices in the national capital have crossed the Rs.100 mark.
Track Live Updates on Petrol, Diesel price hikes across India
The hikes come amid continuing tensio...
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