finance
India Raises Fuel Prices for Fourth Time This Month
State-owned Indian refiners raised retail fuel prices for the fourth time in a month. Diesel prices have risen 8.6 percent and gasoline 7.8 percent since the start of May.
May 25, 4:20 AM·1m read1 source
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India’s state-owned refiners raised retail fuel prices for the fourth time in a month, Reuters reported on May 25, 2026. 8 percent since the beginning of May. , and Hindustan Petroleum Corp. raised prices more than 3 percent, the first such move in four years.
The price adjustments follow the closure of the Strait of Hormuz, which cut more than 40 percent of India’s crude oil imports. The world’s third-largest crude importer has seen its oil import bill rise sharply since the Middle East conflict began. 3 percent in April, up from a year earlier. U.S. dollar, and investors withdrew from Indian capital markets. " — Reuters via OilPrice.
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