Fuel prices in India are expected to rise further by up to ₹5 per liter as global crude oil prices soar to $115 per barrel due to Middle East tensions. Oil marketing companies like IOC, BPCL, and HPCL have been facing daily losses of ₹750-1000 crore despite a recent ₹4 hike. Experts suggest that the government might consider lowering excise duty or VAT to mitigate the impact of inflation on common citizens. https://www.dharitri.com/hike-in-petrol-and-diesel-prices-possibility-of-another-%E2%82%B95-increase/ #creator program