India Raises Fuel Prices For The First Time In Four Years

India Raises Fuel Prices For The First Time In Four Years Submitted by Irina Slav of OilPrice.com Indian state refiners raised their retail prices for gasoline and diesel by the equivalent of $0.031 per liter in response to tighter crude oil availability. This is the first fuel price hike in India in four years, Bloomberg noted in a report on the news. The hike amounts to over 3% and was necessitated by the global crude oil price surge that resulted in losses for India’s refiner...