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NewsDesk MC May 15, 2026May 15, 2026 Bharat Petroleum, crude oil, diesel prices, economic impact, energy markets, fuel prices, global crude prices, Hindustan Petroleum, india, Indian Oil Corporation, inflation, Middle East conflict, new delhi, oil imports, oil shock, petrol hike, retail fuel prices, Reuters, state-run refiners, Strait of Hormuz, transportation costs

India Raises Fuel Prices for First Time in Four Years as Oil Shock Intensifies

New Delhi- India raised petrol and diesel prices by about 3 rupees per litre on Friday, marking the country’s first

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NewsDesk MC March 30, 2026March 30, 2026 Anthony Albanese, Australia fuel tax, Brent crude, Chris Bowen, crisis response, diesel prices, economic relief, energy imports, energy policy, Export Finance Australia, fuel excise cut, fuel security, global oil markets, government subsidy, inflation pressures, Iran war impact, Jim Chalmers, oil prices, petrol prices, Strait of Hormuz, supply disruption

Australia slashes fuel taxes, backs imports as war-driven oil shock hits economy

Perth — Anthony Albanese said on Monday that Australia will halve fuel excise and underwrite spot cargo imports for three