India Ends Four-Year Fuel Price Freeze with 3 Rupees per liter Hike as Energy Crisis Deepens - Tekedia

India’s state-run fuel retailers raised petrol and diesel prices by 3 rupees per liter, ending a four-year freeze.

The move follows a global oil shock driven by the Iran war and disruption in the Strait of Hormuz, which pushed crude prices higher.

Higher fuel prices are expected to lift transport costs, add to inflation pressure, and curb consumer spending.

The increase also reflects growing losses for oil marketing companies if crude stays elevated.