In a concerning development, India's state-run fuel retailers have raised petrol and diesel prices for the second time this week. This increase comes as the conflict in Iran shows no signs of resolution.
The ongoing tensions in Iran are believed to be influencing global oil prices, which in turn affects fuel costs in India. Consumers are facing rising expenses at the pump.
As these economic challenges unfold, Prime Minister Narendra Modi is set to participate in the India-Nordic Summit in Norway, where discussions may touch upon international energy concerns.