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Event Brief

India raises petrol and diesel prices for fourth time

India’s state fuel retailers increased petrol and diesel prices for the fourth time in May to recover higher crude costs.
WHO: India’s state-owned fuel retailers
WHAT: Increased petrol and diesel prices
WHEN: May 24, 2026 at 11:01 PM ET
WHERE: India
WHY: To recover losses from higher crude oil costs linked to the US-Israel war on Iran and energy-supply disruptions.

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