Summary of this article
Fuel prices have been hiked for the fourth time in two weeks, with petrol prices increasing by ₹2.61 per litre and diesel prices by ₹2.71 per litre. The mounting economic pressure from the West Asia crisis is further expected to challenge policymakers managing imports, inflation, growth, and fiscal math.
For households, budgeting and transport costs will be the immediate concern, with fuels ranging from petrol to cooking gas witnessing massive price hikes amid the global energy crisis.
