India, March 26 -- India's largest private fuel retailer, Nayara Energy, has reportedly raised petrol and diesel prices, even as state-owned oil marketing companies continue to hold retail rates steady.

The move comes against the backdrop of a sharp surge in global crude oil prices following the recent escalation in the West Asia conflict.

Nayara on Thursday increased petrol prices by Rs.5 per litre and diesel by Rs.3 per litre, news agency PTI reported citing sources. The hike varies across states due to local taxes such as VAT, with petrol prices increasing by as much as Rs.5.30 per litre in some regions.

The decision comes as international oil prices surged significantly since February 28, when the United States and Israel launched ...