Petrol and diesel prices: Frozen for four years despite rising crude costs – how deep is India’s fuel price dilemma?

India may have enough fuel in its tanks for now but rising global crude prices combined with unchanged domestic rates are pointing towards a pressing question: How likely are petrol and diesel price hikes?

The government has repeatedly assured citizens that there is no fuel shortage or rationing plan despite global energy market disruptions caused by geopolitical tensions and shipping challenges.

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