India raises fuel prices again amid global oil surge
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India has raised fuel prices again, with petrol and diesel increasing by about 0.9 rupees per litre, following a ₹3 hike last week. This marks the first increase in nearly four years, driven by global tensions that have pushed crude prices above $110–$120 per barrel. Economists warn that these hikes could raise retail inflation by up to 25 basis points, impacting transport, food, and household expenses.
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