Middle East crisis: Indian oil companies spike petrol, diesel prices by nearly 90 paise again
India, May 19 -- Fuel prices in India have been hiked for the second time in a week amid rising global tensions over the Middle East conflict.
According to reports, oil marketing companies increased petrol and diesel prices by around 90 paise per litre. A report by Moneycontrol stated that petrol became costlier by 87 paise per litre, while diesel prices rose by 91 paise per litre following the latest revision.
On May 15, petrol and diesel prices were increased by up to Rs.3 per litre.
The latest hike comes as state-run oil marketing companies grapple with mounting pressure from elevated global crude prices and disrupted energy supply routes.
Meanwhile, the Ministry of Petroleum and Natural Gas on Monday issued an update on the countr...
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