India Braces for More Fuel Hikes As Iran War Forces Modi’s Hand

AI Summary

India is experiencing fuel price hikes for the first time in four years, a situation exacerbated by escalating conflicts in the Persian Gulf. The economic impact is forcing the government to reconsider its energy policies.

India’s consumers — hit with the first fuel price hike in four years — will likely face more such rises in the near term, as the government grapples with the economic impact of a months-long conflict in the Persian Gulf.