Petrol, diesel price: Why were fuel rates raised now & are more hikes coming?

 India has kept its petrol and diesel prices unchanged for four years now – ever since the Russia-Ukraine conflict. But the rising global oil prices, past the $100 per barrel mark has made the math unsustainable for oil marketing companies. India has kept its petrol and diesel prices unchanged for four years now – ever since the Russia-Ukraine conflict. But the rising global oil prices, past the $100 per barrel mark has made the math unsustainable for oil marketing companies.