Why fuel prices won't decrease in India this year?
Shortpedia
Content Team
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On June 7, fuel prices in Delhi and Mumbai reached new highs, with petrol costing 94.46 per litre in Delhi. In the last month, the retail price of gasoline has also increased by 4%. Brent crude was at its highest level since May 2019 too, surpassing $71 per barrel. Experts say the price of crude oil might rise even more if turmoil in the Middle East worsens or if the new Iran nuclear deal further stifles supplies.
