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Explained: Why India hiked petrol and diesel prices after four years?

Posted on May 15, 2026
By Financial Express
0 Views
1 min read

Explained: Why India hiked petrol and diesel prices after four years?

The hike comes as Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) faced mounting losses due to rising import costs.