India's oil supply is 'front and center' amidst Iran war, but keep an eye on fertilizers: DBS Bank

Radhika Rao of DBS Bank says Indian oil marketing companies will likely bear the initial price increases in April, but pressure on retail fuel costs could build in May and June if prices remain elevated due to the Iran war. She also warns of a potential "spiral effect" on the economy and inflation should rising fertilizer prices impact farmers' planting decisions ahead of India’s key crop season.