India Raises Fuel Prices Amid US-Iran Ceasefire, Ending Long Freeze
India's state-run refiners have raised retail prices of diesel and petrol for the third time in eight days, amid a tense US-Iran ceasefire, marking a shift from its previous policy of maintaining unchanged fuel prices for 76 days despite the Hormuz disruption.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (32/100)Sources
India raises diesel, petrol prices for 3rd time in 8 days, amid tense US-Iran ceasefire
India’s state-run refiners raised retail prices again of diesel and petrol on Saturday to help processors cut losses on discounted sales and to control a spike in demand. Prices of both fuels rose by nearly one per cent, or less than 1 rupee, with petrol now sold at 99.51 rupees (US$1.0399) and diesel at 92.49 rupees per litre in New Delhi, according to the website of Indian Oil Corporation, the country’s largest fuel retailer. Prices vary across India due to local taxes. Smaller peers Bharat...
By Bloomberg
Read full article →India's Fuel Price Hike Still The Lowest Across The World
India is the only major economy in the world to have held kept fuel prices unchanged through the first 76 days of the Hormuz disruption, the government said.
Read full article →
