BusinessIndia Maintains Petrol Prices Despite 36% Crude Oil Price Surge
India has kept petrol prices steady despite a 36% rise in global crude oil prices due to the West Asia conflict, while US petrol prices increased by 41%. The government implemented excise duty cuts to stabilize prices, causing significant financial losses for state-run refineries that are absorbing under-recoveries amid disruptions in the Strait of Hormuz.
Financial Express , Read To Lead·


