India Tightens its Belt as Fuel Prices Rise on Global Energy Shock
TL;DR Summary
India raised retail fuel prices by 3 rupees per liter to offset higher global crude costs, with petrol at 97.77 rupees and diesel at 90.67; authorities blame disruptions from the Iran war and the Strait of Hormuz closure, while PM Modi urged voluntary austerity and Delhi rolled out work-from-home measures and accelerated ethanol blending to cut imports, though experts warn biofuels could impact groundwater and food crops.
- India raises fuel prices as global energy crisis adds pressure on economy AP News
- India Braces for More Fuel Hikes As Iran War Forces Modi’s Hand Bloomberg.com
- India hikes fuel prices as Iran crisis bites Al Jazeera
- 52% In UAE, 44% In US: How India's Rs 3 Fuel Hike Compares To Other Nations NDTV
- Petrol, diesel prices hiked by Rs 3 per litre effective immediately; check rates in your city The Times of India
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