Petrol, diesel price: Why were fuel rates raised now & are more hikes likely in coming days?

May 15, 2026 - 21:00
Petrol, diesel price: Why were fuel rates raised now & are more hikes likely in coming days?

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India has kept its petrol and diesel prices unchanged for four years now - ever since the Russia-Ukraine conflict. But the rising global oil prices, past the $100 per barrel mark has made the math unsustainable for oil marketing companies.

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