Fuel Panic in India: Nayara Hikes Petrol & Diesel Amid Global Oil Tensions

Описание: Fuel prices in India are rising selectively as Nayara Energy increases petrol by up to ₹5.30 per litre and diesel by ₹3, triggering panic buying in several cities despite no nationwide hike. State-run oil companies like Indian Oil, BPCL, and HPCL continue to keep prices steady. Long queues were reported in Hyderabad, with pumps running dry due to fear-driven demand. Rising global crude prices, influenced by the West Asia conflict and Strait of Hormuz tensions, are pushing private players to adjust rates. The government assures sufficient supply, but questions remain on how long India can shield consumers amid geopolitical risks and volatile oil markets.

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