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The Economic Times

Economy / The Economic Times

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India braces for more fuel hikes as Iran war forces Modis hand

Consumers in India are bracing for more fuel price increases. A recent modest hike in diesel and gasoline prices aims to ease the burden on households. However, refiners indicate significant losses due to high global oil prices. The government is encouraging fuel conservation measures. Further price adjustments are anticipated if crude oil prices remain elevated.

15 May 2026 4:47 pm