The inevitability of a fuel price hike in India
Crude oil has surged past $100 a barrel, but Indian fuel prices haven’t budged. Sounds like relief, right? Not quite.
Behind the scenes, oil marketing companies are absorbing the shock as global peers, from the US to China, pass on rising costs to consumers. The trigger is escalating West Asia tensions, now hitting critical oil and gas infrastructure and tightening global supply.
