RetourIndia Faces Potential Retail Fuel Price Hikes Amid Middle East Conflict

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Economic Times13/05/2026BusinessIndia

India Faces Potential Retail Fuel Price Hikes Amid Middle East Conflict

RBI Governor Sanjay Malhotra Warns of Inevitable Price Increase Due to Rising Energy Import Costs and Inflation Risks

India Fuel Price Hike Middle East Conflict

L'essentiel

India may raise retail petrol and diesel prices if the Middle East conflict persists, warned RBI Governor Sanjay Malhotra, citing rising energy import costs and inflation risks despite reduced excise duties and state refiners absorbing losses.

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