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Petrol-Diesel Prices: War's Shadow or Relief's Hope? What Lies Ahead
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Gulf Tensions Threaten Fuel Prices: India Braces for Potential Hike
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News18
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02-03-2026, 15:06
Gulf Tensions Threaten Fuel Prices: India Braces for Potential Hike
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Escalating Gulf tensions raise uncertainty over crude oil prices, directly impacting import-dependent India.
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Petrol and diesel prices in Greater Noida are currently stable, but a future hike is anticipated by experts.
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War situation could affect oil production and supply, with international oil company shares signaling potential price increases.
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India's high crude oil import dependence means Gulf instability could increase transportation costs and supply chain pressure.
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Common man fears inflation from rising fuel costs, while some hope for continued government and oil company relief.
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