India Economy

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India Economy

A petrol pump attendant fills fuel in a vehicle at a petrol station in Kolkata, India, on May 22, 2026. Due to the military conflict in West Asia and shipping vulnerabilities in the Strait of Hormuz, Brent crude oil prices have increased and stabilized between $100 and $107 per barrel. Petrol and diesel prices in India have been raised twice within a single week, ending a four-year freeze on retail fuel rate revisions. (Photo by Debajyoti Chakraborty/NurPhoto)


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