00:00India's state-run fuel companies have raised petrol and diesel prices again on Monday, the fourth time in a month.
00:08The latest move comes days after Prime Minister Narendra Modi defended fuel use restrictions,
00:14saying they are needed to help conserve foreign currency spent on energy imports.
00:21Under the latest adjustment, petrol and diesel prices increase by slightly more than two cents per litre across the country.
00:28In New Delhi, petrol now costs around $1.19 per litre, up from about $1.16.
00:36Diesel prices have also climbed to around $1.11 per litre.
00:41The repeated price hikes comes as conflict in the Middle East continues to disrupt global energy supplies, adding pressure on
00:48India.
00:49India imports more than 85% of its domestic oil requirements, and nearly half of its crude oil imports transit
00:57to the Strait of Hormuz.
00:58The country has also increased imports of Russian crude oil to offset reduced supplies from the Middle East.
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