Indian State Refiners Hike Fuel Prices as Middle East Conflict Drives Up Crude Costs

India’s state-run refiners have raised fuel prices again, underscoring how the widening conflict in the Middle East is rippling through global energy markets and consumer costs. According to Bloomberg, petrol and diesel prices in India were increased for a second time in less than a week as refiners faced mounting losses after the war pushed crude oil costs sharply higher. The move highlights the pressure on governments and fuel suppliers in large importing countries when oil prices rise quickly.