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India Raises Fuel Prices Fourth Time This Month as Supply Pressures Mount

India's state-run fuel retailers increased diesel and gasoline prices for the fourth time this month, citing mounting supply constraints and elevated demand during the agricultural harvest season. The price increases follow geopolitical tensions in the Middle East that have elevated crude costs, squeezing refiner margins. Processors are passing through these expenses to consumers. Inventory management challenges have intensified as private fuel outlets undercut state-controlled retailers, widening the price gap between channels. Demand surges tied to seasonal agricultural activity have further strained available supply. The rapid succession of four increases within a single month signals sustained pressure on India's fuel market.