Not 'If' But 'When': Why Fuel Prices Are Set To Rise In India
The hike in petrol and diesel prices is waiting with bated breath when will the fuel prices will increase as the price of crude oil has increased massively after Russia attacked Ukraine.
In India the fuel prices have not increased in the last four months reportedly due to elections in the 5 states.
Since then, global crude oil prices have increased about more than 35%. In the US, the largest producer of oil in the world, prices have escalated almost 40% as the pricing is adjusted daily to the global market.