Can consumers expect relief from further fuel price hike?

Petrol and diesel prices have been hiked by Rs 10 a litre each since March 21. And India’s retail inflation accelerated to 6.95% in March, its highest in 17 months. It is above the upper limit of the Reserve Bank of India’s tolerance band for a third straight month.

Meanwhile, there seems to be no immediate end to the war. Russian President Vladimir Putin has said that peace talks with Ukraine have hit a dead end. The war has disrupted supply chain and considerably raised commodity prices.

After a lull during the assembly polls, the prices of fuels have again started increasing. Consumers have been demanding relief for long.