Indiaâs Fuel Prices Seen Rising Despite Falling Demand May 08 2021, 10:24 AM May 07 2021, 8:18 AM May 08 2021, 10:24 AM Saudi Arabia has cut prices of crude for India, along with other Asian countries, as the second wave of the pandemic prompted local curbs, causing the demand to fall. But that wonât help consumers and oil retailers.State-run oil firms, after a pause of 65 days during the state elections, have started increasing prices of petrol and diesel to recover losses on marketing margins.Thatâs despite consumption of transport fuels falling to ... Saudi Arabia has cut pr...