India's inflation surged to a 17-month high of 6.95 per cent in March for the third consecutive month. The country had recorded the previous highest inflation rate at 7.

India's inflation surges in March; lemon prices skyrocket

The cost of fuel continued to soar in India, with diesel and petrol prices hiked 40 paise per litre—the twelfth hike in two weeks. In the national capital Delhi, petrol will now cost Rs 103.

Fuel prices continue to soar in India, 12th hike in two weeks

Petrol and diesel prices maintained a northward rally on Monday, the seventh consecutive day when the retail prices have risen across the country, with oil on the boil in global markets and both crude and product prices seeing a big spike.

Petrol, diesel prices rise for 7th consecutive day

Saudi Arabia's energy minister Khalid al-Falih has said that the kingdom is committed to meeting India's rising oil demand and is the "shock absorber" for supply disruptions in the oil market.

As US sanctions on Iran loom, Saudi Arabia says it will meet India's oil demand