Indian retailers raise fuel prices for fourth time in May
Indian retailers raised fuel prices for the fourth time in May to offset rising crude costs. The move follows supply disruptions linked to the Iran war.
Xurve View
Insights:
Xurve View
India state retailers raised diesel prices by 2.71 rupees and petrol by 2.61 rupees on May 25 morning. This is the fourth fuel price increase in May as retailers recoup losses from rising Brent Crude Oil costs driven by higher crude prices due to supply disruptions amid the conflict in Iran. Rising energy costs threaten the fiscal stability of the world's third-largest oil consumer.
