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Indian state-owned fuel retailers raised petrol and diesel prices for the third time this month, dealers said, as the companies look to recoup losses caused by elevated crude oil prices amid the Middle East war, Reuters reports.
Petrol in New Delhi will cost 0.87 rupees (just under 1 US cent) more at 99.51 rupees a litre, while diesel prices will be raised 0.91 rupees to 92.49 rupees per litre, dealers said.
India, the world’s third-largest importer and consumer of oil, was one of the last major economies to raise retail fuel prices after the US-Israeli war on Iran triggered a surge in prices globally.
