Jet fuel prices hiked by 5% to new record high in Delhi

Fuel rates have been increased in India because energy prices globally have risen on the back of supply concerns following Russia's invasion of Ukraine and demand returning after being hit by the pandemic. India is 85 per cent dependent on imports to meet its oil needs. The rates are likely to differ from state to state, depending on the incidence of local taxation.

from Energy-Industry-Economic Times https://ift.tt/MkKVi53