India raised prices of petrol and diesel by roughly 0.9 rupees ($0.0093) a litre, fuel retailers in Delhi said, for its second such hike in a week as the government seeks to recoup losses caused by higher global prices of crude oil, Reuters reports.
The price of petrol rose to 98.64 rupees a litre from 97.77 rupees while that of diesel went to 91.58 rupees a litre from 90.67 rupees, dealers said.
The world’s third-biggest importer and consumer of oil is one of the last major economies to raise retail fuel prices after disruptions to shipping through the Strait of Hormuz waterway by the war started by US-Israeli attacks on Iran.
