Fuel prices in India have increased due to the US-Iran conflict and Middle East crisis. In Delhi, petrol rose by ₹3.14 to ₹97.77 and diesel by ₹3.11 to ₹90.67. Oil companies are reportedly losing ₹1000 crore daily. The government claims that without tax cuts of ₹8 on petrol and ₹6 on diesel, prices would have tripled. Additionally, massive subsidies are being provided on fertilizers for farmers. Prime Minister Modi has appealed to citizens to conserve fuel and reduce gold imports to help the economy manage this external crisis.
https://www.dharitri.com/petrol-diesel-price-hike-in-india-why-did-government-petrol-diesel-prices-increase-amid-us-iran-war-middle-east-crisis/
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