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The Economic Times

Economy / The Economic Times

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Fuel price hike on the cards as India struggles to absorb soaring crude costs

India is grappling with significant economic challenges due to elevated global fuel prices. The government has absorbed substantial daily losses to shield consumers. However, the ongoing West Asia crisis and disruptions to energy supply routes are making this unsustainable. Tough decisions loom regarding fuel price adjustments to manage the financial burden and ensure energy security for the nation.

8 May 2026 11:44 pm