India, May 23 -- State-run fuel retailers on Saturday raised petrol prices by 87 paise and diesel rates by 91 paise. The latest hike pushes petrol prices in Delhi to Rs.99.51 per litre, while diesel will cost Rs.92.49 per litre, HT has found.

Retail selling prices of petrol and diesel across the four major metros for May 23:

This is the third increase this month as the Centre moves to recover losses caused by surging crude oil prices amid the US war on Iran. The surge comes as global crude prices remain elevated due to tensions in West Asia and concerns over supply disruptions after Iran closed the Strait of Hormuz following US-Israeli strikes.

India, which imports more than 88% of its crude oil requirements, remains highly vulnerable ...