India’s state-run fuel companies have raised petrol and diesel prices for the fourth time in 10 days, as the Middle East war strains supplies to the world’s fastest-growing major economy, AFP reports.
In New Delhi, petrol prices rose to 102.12 Indian rupees from 99.5 rupees, while diesel is now at 95.20 rupees.
Automobile fuel prices have increased by five per cent since the war broke out in February, prompting Iran’s near-total blockade of the Strait of Hormuz, a critical energy corridor.
Fuel rates vary across the country but prices have broadly been increased by a little over two rupees ($0.02) after the latest adjustment.
