New Delhi, May 20 -- India witnessed a relatively much lower hike in petrol and diesel prices as compared to neighbouring and several other countries following the global oil supply disruption that began in February 2026 due to the Strait of Hormuz crisis.

International Brent crude oil prices have surged sharply since the disruption, crossing USD 120 per barrel and currently trading around USD 110 per barrel as global energy supply chains faced pressure and oil inventories were tightened.

The petrol prices in India increased by 4.2 per cent between February and May 2026, while diesel prices rose by 4.4 per cent during the same period.

While as per data by the GlobalPetrolPrices, in comparison, Myanmar recorded petrol price increases of...