Rising Crude Oil Prices: Israel‑Iran Conflict Impact on Petrol Diesel Rates in India
1. Introduction The geopolitical tensions between Israel and Iran have triggered a surge in global crude oil prices. Brent crude recently crossed $76 per barrel, intensifying concerns over escalating petrol and diesel prices in India. Analysts fear further instability could again drive prices higher. Meanwhile, Indian OMCs (IOCL, HPCL, BPCL) maintained retail fuel prices on … Read more