Overview
- Fishing boats at Mumbai’s Sassoon Dock remain idle as diesel costs make trips uneconomical and crews lose income.
- Bulk diesel now exceeds $1.20 per litre, leaving the dock’s cooperative pump closed and cutting fishers off from cheaper fuel, ice, and gear.
- Only a few vessels still head out, so morning markets report smaller hauls and less fish for buyers.
- Iran, the United States, and Israel announced a two-week ceasefire, yet analysts say fuel supply and prices will take time to normalize.
- Similar strain is hitting coasts across India and Asia because disruptions to Gulf shipping routes like the Strait of Hormuz push diesel prices higher.