Petrol and diesel prices climbed again on Saturday as global crude oil rates stayed under pressure due to the Iran conflict and growing worries around the Strait of Hormuz. The latest increase pushed petrol in Delhi close to the Rs 100 mark, while diesel prices also moved sharply higher. Amid recent fuel rate hikes, petrol and diesel fuel consumers are expecting more hikes as tensions continue in the Middle East. State-owned oil companies raised petrol prices by 87 paise to 91 paise per litre and also increased compressed natural gas (CNG) prices by Re 1 per kg. This is the third recent increase in CNG rates, taking the total hike to Rs 4 per kg in just a few days.
In a relief to consumers, the petrol and diesel prices have not increased today May 24.
