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India hikes fuel prices twice within a week after four-year freeze

02:43 Min

India - the world's third-largest energy importer - has ended a four-year price freeze on oil and announced a second hike in fuel prices at retail pumps within a week. Indian airlines are reportedly locked in talks with state-run oil companies, hoping to delay a massive spike in jet fuel costs as the Iran war squeezes global energy supplies. Neha Poonia filed this report for CNA from New Delhi.

India - the world's third-largest energy importer - has ended a four-year price freeze on oil and announced a second hike in fuel prices at retail pumps within a week. Indian airlines are reportedly locked in talks with state-run oil companies, hoping to delay a massive spike in jet fuel costs as the Iran war squeezes global energy supplies. Neha Poonia filed this report for CNA from New Delhi.

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