Fuel Hike On The Horizon? RBI Governor Flags Risk If Middle East Crisis Drags On

Ashik Bothra May 14, 2026 550 Views

India may be forced to raise retail fuel prices if the ongoing Middle East crisis keeps crude oil elevated for a prolonged period, RBI Governor Shaktikanta Das has cautioned. He indicated that while the Centre has so far shielded consumers from global price shocks, space to absorb higher oil costs indefinitely is limited, raising medium-term inflation risks.