The Price of Conflict: India's Fuel Price Hikes Reflect a Broader Crisis The latest fuel price hike in India is just the tip of the iceberg, a symptom of a deeper crisis that threatens to engulf not only the Indian economy but also the global one.
As tensions with Iran escalate, India's state run fuel retailers have increased petrol and diesel prices for the second time in as many weeks, leaving consumers reeling.
The 90 paise per litre hike may seem minor on paper, but its impact is significant.