Fuel prices surge again in India as state-run oil companies raise petrol and diesel by 90 paise per litre, marking the second hike in less than a week. Petrol in Delhi now stands at Rs 98.64 per litre while diesel reaches Rs 91.58, intensifying pressure on consumers and the broader economy. The rapid increases follow a nearly four-year freeze on fuel price adjustments, broken after global crude oil prices surged over 50 percent due to geopolitical tensions in the Middle East and supply disruptions through the Strait of Hormuz. Oil companies continue reporting significant losses despite the hikes, signaling potential further adjustments ahead. The government has urged fuel conservation measures as higher energy costs threaten inflation and economic growth across the nation.
