If prices continue rising at the pace they've been gaining in the past month and a half, the South Asia nation's consumers will likely see alternatives such as electric vehicles and gas
But the world oil market is already tight with unplanned disruptions in Canada, Libya and Venezuela removing supply
Even without the unrest in Iran, which is a major oil exporter, market sentiment was bullish
Prices were also underpinned by worries over renewed US sanctions against Iran
International Brent crude futures were at $57.82 at 0645 GMT, up 65 cents, or 1.1% from the previous close