India raises fuel prices by 3 rupees per litre on Friday
Indian fuel retailers raised petrol and diesel prices by approximately 3 rupees per litre on Friday to recover losses from high global oil prices. This marks the first price hike in four years as the country responds to market disruptions caused by conflict in the Middle East.
India raised petrol and diesel prices by approximately 3 rupees per litre on May 15. The hike is the first retail fuel price adjustment in the country in four years. It allows state-run retailers to recover losses following a surge in global energy costs.
### Global Supply Disruptions Force Price Hikes Retailers in Delhi confirmed on Friday that diesel now costs 90.67 rupees per litre, while petrol reached 97.77 rupees. The price adjustment follows a volatile period for Brent Crude Oil, which spiked above $120 per barrel. Prices later stabilized between $100 and $105 per barrel.
