India raises fuel prices amid rising crude oil costs
pre-market1 source ↓written by the desknot a recommendation
- latest increase
- $0.0093 per litre
- in gasoline
- 32.4% rise
- in diesel prices
- 25.19% increase
- through the Strait
- 40% of crude oil flows
India's state-owned fuel retailers have raised retail fuel prices for the second time in under a week, driven by rising crude oil costs amid the Middle East conflict. The latest increase is $0.0093 per litre, one-third of last week's hike, marking the first adjustment in four years. This escalation reflects the 32.4% rise in gasoline and 25.19% increase in diesel prices since April, disrupting over 40% of crude oil flows through the Strait of Hormuz.
Immediate market implications may include increased costs for transportation and logistics sectors.
Not investment advice. For informational purposes only.