Fuel price hike looms as India can no longer absorb crushing crude costs

Daily government losses may soon become unaffordable

India is under pressure as global crude costs stay elevated, forcing the government to absorb large daily losses to keep fuel prices stable. But the West Asia crisis and supply-route disruptions are worsening the outlook, making subsidies increasingly unsustainable. Officials now face hard choices on whether and how much to adjust fuel prices while protecting energy security.