Another fuel blow for consumers? Economists warn petrol, diesel prices could jump further – Here’s the outlook

The prices of petrol and diesel are expected to rise further, even by ₹10 per litre, economists are warning.

India’s state-run oil marketing companies (OMCs) — which account for nearly 90% of the domestic fuel retail market — raised petrol and diesel prices by over ₹3 per litre each on Friday. The move came as crude prices continued to surge amid US-Iran tensions and peace negotiations to end the West Asia war remained in limbo.