Key facts
- Fuel prices in India are influenced by global crude oil prices.
- Crude oil is the primary raw material for petrol and diesel.
- A potential hike in fuel prices is being considered.
Fuel prices in India are subject to several factors, with global crude oil prices being the most significant. Crude oil serves as the primary raw material for the production of both petrol and diesel. The current situation suggests that another hike in fuel prices may be imminent, prompting a review of city-wise rates.