India's petrol prices hit 50-month high as geopolitical tensions mount

India's petrol prices have touched a 50-month high, with experts cautioning of further increases as geopolitical tensions persist globally. The average daily benchmark price for petrol between September 1 and 18 stood 20% higher than August's average of $110.87 per barrel, reflecting upward pressure on crude oil costs.

The spike in domestic fuel prices mirrors rising international crude oil benchmarks, driven by regional conflicts and supply concerns. Analysts warn consumers and businesses should brace for sustained elevated pricing unless geopolitical tensions ease.