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RBI Governor sees fuel price hike if crude oil stays high

BloombergNewswireWednesday, May 13, 2026
RBI Governor sees fuel price hike if crude oil stays high

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His remarks came after Prime Minister Narendra Modi urged voluntary austerity, including cutting down on petrol and diesel use and putting off gold purchases, to preserve foreign exchange reserves.

His remarks came after Prime Minister Narendra Modi urged voluntary austerity, including cutting down on petrol and diesel use and putting off gold purchases, to preserve foreign exchange reserves.

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His remarks came after Prime Minister Narendra Modi urged voluntary austerity, including cutting down on petrol and diesel use and putting off gold purchases, to preserve foreign exchange reserves.

This article is sourced from Bloomberg. For the complete story, analysis, and additional context, read the full article.