RBI warns fuel price hike is only a matter of time if oil shock sticks

RBI says it can wait, but won’t if inflation hardens

RBI Governor Sanjay Malhotra cautioned that a retail fuel price hike is “only a matter of time” if the Middle East conflict continues. He said the central bank can look through temporary supply shocks from oil price spikes linked to the Iran war, but will step in if inflation pressures become entrenched.