India raises fuel prices for second time in a week
Indian retailers raised petrol and diesel prices on Tuesday to recoup losses from high global crude costs. This is the second fuel price hike in a single week.
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India raised petrol and diesel prices by 0.9 rupees per litre on Tuesday to recoup losses from rising global crude costs. This marks the second price increase in one week following a 3-rupee hike the previous Friday. Rising energy costs in the world's third-largest oil consumer signal mounting inflationary pressure on the domestic economy.
