India lifts fuel prices as global energy crisis adds pressure on economy
Corroborated by 2 sources from 2 publishers
TL;DR
Reports differ across sources; according to abcnews.com, india raises fuel prices as global energy crisis adds pressure on economy India has raised fuel prices by 3 rupees per liter to offset losses from higher global oil prices India imports about 90% of its oil and has been hit hard by rising energy prices and supply disruptions linked to the Iran war and the closure of the Strait of Hormuz.
Sources
1
Bloomberg Politics
https://www.bloomberg.com/news/articles/2026-05-15/indian-state-retailers-hike-petrol-diesel-prices-by-inr3-liter
2
ABC News Money Headlines
https://abcnews.com/Business/wireStory/india-raises-fuel-prices-global-energy-crisis-adds-132992417
3
Bloomberg Green
https://www.bloomberg.com/news/articles/2026-05-15/india-sees-monsoon-rains-starting-early-aiding-crop-planting