India Raises Fuel Prices Amidst Global Crude Oil Surge

India's government increased petrol and diesel prices by Rs 3 per litre, citing significant losses for state-run oil companies due to soaring global crude oil prices and disruptions in West Asian shipping routes.

15 May, 06:57 — 15 May, 06:57

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Times of IndiaMostly Factual108d ago

Fuel gets costlier: Centre raised petrol, diesel prices by Rs 3 - key details

Fuel prices saw a Rs 3 per litre increase on Friday. This move follows significant losses for state-run oil companies due to soaring global crude oil prices. The conflict in West Asia disrupted key shipping routes, pushing up import costs for India. This price adjustment comes after a period of frozen rates, impacting transportation and other sectors.

By TOI BUSINESS DESK

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India Raises Fuel Prices Amidst Global Crude Oil Surge

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Fuel gets costlier: Centre raised petrol, diesel prices by Rs 3 - key details

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