The Economic Times

Fuel Price Hike: Why petrol, diesel prices were hiked by up to Rs 3 in India? Check key reasons behind price surge

Petrol Diesel Price Increase: Fuel prices across India have risen by up to Rs 3 per litre. This hike is driven by surging global crude oil prices and tightened energy supplies. State-run fuel retailers had absorbed costs but are now passing them on. The increase reflects higher international crude costs and domestic pressure.