India, May 15 -- Delhi residents woke up to a sharp rise in fuel prices on Friday as petrol and diesel rates were increased by Rs.3 per litre amid growing concerns over the global oil crisis triggered by the ongoing conflict in West Asia.

The latest revision ends a nearly four-year freeze on fuel price hikes across India. The increase, which applies to all variants of petrol and diesel including regular and premium fuels, comes at a time when companies are grappling with rising input costs and growing concerns over supply disruptions in the global oil market.

Following the latest revision, petrol in Delhi will now cost Rs.97.77 per litre, up from Rs.94.77, while diesel prices have increased from Rs.87.67 to Rs.90.67 per litre. Both fuel...