If crude prices stay high, just a matter of time before govt hikes petrol, diesel costs: RBI Governor Sanjay Malhotra

India’s RBI Governor Sees Fuel Price Hike If Oil Stays High

India may need to increase retail fuel prices if the conflict in the Middle East drags on, Reserve Bank of India Governor Sanjay Malhotra said.

Fuel price hike on cards? After Hardeep Puri, RBI Governor flags Gulf conflict impact on oil markets

India may soon feel a stronger impact of the ongoing conflict in West Asia, with rising global crude oil prices likely to affect consumers if disruptions continue, RBI Governor Sanjay Malhotra said. Addressing the 12th high-level conference on the International Monetary System, organised jointly by the International Monetary Fund and the Swiss National Bank, Malhotra said the Indian government has so far absorbed much of the pressure caused by h…

Fuel prices may rise if West Asia conflict persists: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra has said that India may need to increase retail fuel prices if the conflict in West Asia continues for a prolonged period.

Crude Oil Shock May Push India Towards Fuel Price Hike, Says RBI Chief

“If this is to continue for longer period of time, it is just a matter of time before the government will pass on some of the price increases,” Malhotra said.

RBI Governor says petrol, diesel price hike likely if West Asia crisis drags on

RBI Governor Sanjay Malhotra said India may have to raise petrol and diesel prices if the West Asia crisis persists. The remarks highlight growing pressure on inflation, fuel imports and state-run oil companies absorbing higher crude costs.

If crude prices stay high, just a matter of time before govt hikes petrol, diesel costs: RBI Governor Sanjay Malhotra

“We have this framework of flexible inflation targeting, but in such times it’s not sufficient,” the RBI Governor said.