The Trump administration has allowed a sanctions waiver on some Russian crude oil sales to expire, ending a temporary arrangement that enabled limited purchases. This expiration coincides with the ongoing Iran war and disruptions in the Strait of Hormuz, tightening global crude markets. Consequently, India faces a double energy hit and is actively seeking a fresh waiver extension to ensure stable energy supplies. Domestically, petrol, diesel, and CNG prices have been hiked by three rupees, representing a marginal 3.2 percent increase. The report compares India's fuel price hike to significant surges globally amid the West cd tenerife vs barcelona Asia crisis. Other nations are experiencing massive increases, including the United States at 48 percent, Pakistan at 50.4 percent, the UAE at 86 percent, and Myanmar facing a 100 percent hike. India's relatively minor increase highlights the contrasting impact of the global energy crisis on domestic fuel markets.
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