India's state-run fuel retailers have raised petrol and diesel prices for the first time in four years by 3 Indian rupees ($0.03) per litre, or more than 3%, according to dealers, to recoup some of the losses incurred due to higher global crude oil prices. India, the world's third-biggest oil importer and consumer, is one of the last major economies to raise retail fuel prices following the disruption to shipping through the Strait of Hormuz by the war started by US-Israeli attacks on Iran. State-run Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp, which together control more than 90% of India's 103,000 fuel stations, tend to set diesel and petrol prices in tandem. A BPCL spokesperson confirmed the price increase at its retail outlets. Indian Oil and HPCL did not immediately respond to a request for comment. Diesel in Delhi will cost 90.67 Indian rupees a litre and petrol 97.77 Indian rupees, reflecting increases of 3.4% a...
New Delhi condemned an attack that sank an Indian-flagged vessel transiting through Omani waters as “unacceptable” on Thursday and said commercial ships should not be targeted amid the US-Israeli war with Iran. The attack on the dhow — a wooden vessel — occurred while it was sailing from Somalia to the United Arab Emirates in the early hours of Wednesday, causing a fire on board that eventually led to the ship sinking, New Delhi said. All 14 crew members were rescued by the Omani coast guard and taken to Diba port, India added. India did not specify the nature of the attack or identify who was responsible. However, British maritime risk management group Vanguard said the explosion was believed to have been caused by a drone or missile strike. The vessel was carrying livestock cargo, Vanguard said. “The attack on an Indian-flagged ship off the coast of Oman yesterday is unacceptable and we deplore the fact that commercial shipping and civilian marin...