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India’s fuel price hike minimal despite 70% crude surge: Expert

May 23, 2026 by Rahul Kumar

As global crude prices soar by 70%, an expert notes India’s retail fuel prices have only risen 5%. The main concern is the fiscal deficit, which could lead to inflation. Scaling up renewable energy is key to reducing oil import dependency. With global crude oil prices rising from around USD 65-70 per barrel to over … Read more

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