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Retail Fuel Pressure (India): India’s state-run oil firms pushed petrol and diesel up again on May 23—petrol +₹0.87/litre and diesel +₹0.91/litre—making it the third hike in about 10 days and lifting cumulative gains to nearly ₹5/litre, with Hyderabad topping petrol at ~₹112.81 and Delhi lowest at ~₹99.51; Supply Calm, Locally Messy: Indian Oil says there’s no nationwide shortage and any outages are “highly localised” and temporary, blamed on regional demand-supply mismatches, harvesting-season diesel spikes, and panic-driven buying; CNG Adds to the Bill: Delhi CNG rose another ₹1/kg to ~₹81.09, also hitting nearby cities; LPG Strain: LPG household refills fell 11% in April, and RTI data shows 5.5 crore households took zero or one refill in FY26; Global Driver: Oil prices climbed as Iran cast doubt on near-term US talks, keeping West Asia tensions front and center.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.

AGP Wire

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