India, May 12 -- India may be heading toward another fuel price revision as rising crude oil prices, geopolitical tensions in West Asia and mounting losses faced by oil marketing companies (OMCs) increase pressure on the government while Union Petroleum Minister Hardeep Singh Puri reassured citizens that India currently has sufficient fuel reserves, he also admitted that the financial burden on state run fuel retailers is becoming difficult to sustain. The remarks have triggered widespread discussion over whether petrol, diesel and LPG prices could rise in the coming days and how strongly such increases may affect ordinary consumers.

Why Fuel Price Hike Concerns Are Growing

Global crude oil prices have climbed sharply in recent weeks, w...