Madhavi Arora warns prolonged energy shock could reshape global oil markets for years

Crude stress could push fuel prices higher

Markets are bracing for a prolonged energy shock as high crude oil prices and geopolitical risks drag on global activity and hit India’s economy. Madhavi Arora says policymakers will need to focus on external balance and currency management, while gradual fuel price increases may follow. The fiscal cost is already stretching the government’s book, leaving investors watching for next steps.