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The Economic Times

National

Higher petrol, diesel prices threaten to rekindle inflation pressures: Report

Inflation Petrol Crisil India

New Delhi: Rising petrol and diesel prices are poised to add fresh inflationary pressures to India's economy, with higher transport and manufacturing costs expected to feed through to consumer prices in the coming months, Crisil said in a report on Tuesday.

Petrol and diesel prices have increased by about Rs 7.5 per litre since May 15, and further increases remain likely if global crude oil prices stay elevated.

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