India Raises Diesel and Petrol Prices for Third Time in 8 Days Amid Tense US Iran Ceasefire As the US Iran ceasefire hangs precariously in the balance, India's state run refiners have implemented a third price hike in just eight days.
This move may send ripples through the country's economy. Diesel and petrol prices have increased by nearly one percent, or less than 1 rupee per liter.
The Indian government claims these price hikes are necessary to help processors cut losses on discounted sales and control demand surges.