India Raises Diesel, Gasoline Prices for Fourth Time This Month India's state run fuel retailers raised gasoline and diesel prices for the fourth time this month, a move that is likely to exacerbate inflationary pressures on an already fragile economy.
The decision comes as India's agricultural harvest season sees surging consumption, leading some to question whether policymakers are playing with fire.
The underlying cause of these price hikes is not a sudden shift in global energy markets but rather the widening gap between state run fuel retailers and private outlets.