Gasoline and diesel prices in India hit a new record-high on Wednesday, adding another concern for the oil market about demand in the world’s third-largest oil importer. India is reeling from a resurgence in COVID, with mobility already restricted locally because of the pandemic. Now the high fuel prices—too high for many households—also threaten to lead to further declines in India’s consumption of transportation fuels.
The price of the most used fuel in India, diesel, jumped on Wednesday, and so did the price of gasoline,…Record-High Fuel Prices Add To Concerns About India’s Oil Demand
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