Why Petrol & Diesel Prices Are Rising Again? IOC Warns Of More Pain Ahead

Fuel prices in India have been hiked for the second time in just one week, raising fears of more pain ahead for consumers. Petrol and diesel prices have already gone up by nearly ₹4 per litre in multiple states, and oil marketing companies are now hinting that further hikes may continue if global crude oil prices remain elevated due to the ongoing West Asia conflict. According to industry sources, OMCs are facing massive underrecoveries and losses running into thousands of crores every day, making price hikes unavoidable. While the government and companies may prefer gradual increases to avoid an inflation shock, the pressure on fuel prices is clearly mounting. The big question now - how much more expensive will petrol and diesel become in the coming weeks?