Fuel Prices Hiked Again. Here’s What Happens If This Crisis Gets Worse | Faye D'Souza

Petrol and diesel prices were raised by Rs 2.61-2.71 per litre on Monday (May 25), marking the fourth increase in less than two weeks as state-owned fuel retailers continued to pass on rising international oil prices to consumers. With the latest revision, cumulative increases in petrol and diesel prices have nearly touched Rs 7.5 per litre since fuel price revisions resumed on May 15 after a prolonged freeze, stoking concerns over inflationary pressures and higher transportation costs across the economy.

In this video, Faye D’Souza examines

How are fuel prices determined?
What factors influence fuel price?
What is the current status of the Iran deal?
Are OMCs making profit or loss?
Should people expect more hikes?

Researcher: Ajit Andhare and Faye D'Souza
Producer and Editor: Ira Jha


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