India Tightens its Belt as Fuel Prices Rise on Global Energy Shock
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.
