Speaking at an international conference in Switzerland, Malhotra said the government may eventually pass higher oil costs on to consumers. He explained that if the crisis continues for a long time, a Petrol Diesel Price Hike may become unavoidable.

India depends heavily on imported crude oil. Rising global oil prices increase the country’s import bill and create pressure on inflation and the rupee. Economists say prolonged geopolitical tensions in West Asia could push fuel costs higher across the country.

For now, the government and state-run oil companies are absorbing some of the rising costs to keep retail fuel prices stable. However, experts warn that maintaining this price freeze may not be possible if crude oil prices remain high for a longer period.

The post Petrol Diesel Price Hike Warning: RBI Governor Flags Possible Increase appeared first on India Podcast.

Governor Sanjay Malhotra leads the MPC, which meets every two months. The committee examines inflation trends, growth data, fiscal updates, and global conditions. Its decisions directly affect lending rates, borrowing costs, and economic activity.

Analysts are closely watching this meeting. Many expect the RBI to cut rates by 25 basis points. They point to low inflation and global uncertainties as reasons. However, some experts believe the MPC may hold rates steady to assess previous moves and protect stability.

Moreover, the committee will discuss improving liquidity and enhancing credit flow to support growth. This meeting arrives amid mixed economic signals — growth is stable, but global risks are rising. Thus, the decision will carry significant weight.

The RBI will announce its decision on Wednesday, October 1, at 10:00 AM. They will stream it live on their official YouTube channel and social media. Governor Malhotra will explain the reasoning behind the decision at a press conference afterward.

For businesses, banks, and households, this meeting matters. Borrowing costs, credit availability, and investment decisions depend on its outcome. Therefore, the MPC’s announcement could influence India’s economy for months.

The post RBI MPC Meeting Begins Today; Policy Rate Decision Wednesday appeared first on India Podcast.