Petrol, diesel, and CNG prices have risen after years of price stability amid soaring global crude costs
Conflict in West Asia and supply disruptions have sharply increased crude oil prices worldwide
Higher fuel prices strain households, but prolonged losses for oil companies are equally unsustainable
Fuel price hikes are expected to push inflation higher in the coming months
Rising energy costs could slow growth while increasing inflationary pressures across sectors
The RBI may face difficult policy choices amid inflation risks, weak monsoon forecasts, and global rate hikes