Indian fuel prices surge in historic move after four-year freeze. Petrol and diesel jumped three rupees per litre while CNG rose two rupees per kilogram, marking the first major hike since 2022. The increases stem from escalating global crude oil prices triggered by West Asia conflict tensions. Oil companies absorbed mounting losses for eleven weeks before passing costs to consumers. Commercial LPG cylinders also increased by nearly one thousand rupees. In Delhi, petrol now costs 97.77 per litre and diesel 90.67 per litre. The hike signals India's vulnerability to geopolitical disruptions affecting energy markets. State-run oil retailers faced unsustainable operations, forcing the price adjustment across all fuel categories nationwide.
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