LIVE: India Hikes Petrol & Diesel Prices By ₹3/Litre | Massive Fuel Shock Amid Global Oil Crisis

Описание: Petrol and diesel prices in India have been increased by ₹3 per litre as oil marketing companies pass on rising global crude oil costs to consumers amid escalating Middle East tensions.

This marks the first major fuel price hike since 2022. The decision comes as OMCs reportedly face expected losses of over ₹1 lakh crore in the first quarter of FY27 due to selling fuel below market prices.

Union Petroleum Minister Hardeep Singh Puri had earlier warned that oil companies may not be able to sustain heavy daily losses for long. RBI Governor had also indicated that prolonged global energy shocks could eventually lead to fuel price increases in India.

#PetrolPrice #DieselPrice #FuelPriceHike #OilPrices #IndiaNews #CrudeOil #Inflation #ndtvprofitvideo

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