New Delhi, May 26 -- Petrol and diesel prices were hiked for the fourth time in less than two weeks on Monday, 25 May, with cumulative increase in retail fuel rates now stands at Rs. Rs.7.5 per litre per across major cities. The latest revision pushed petrol prices in Delhi to Rs.102.12 per litre, while diesel rose to Rs.95.20 per litre, according to price notifications issued by fuel retailers.

The hike comes amid continued volatility in global crude oil markets following escalating geopolitical tensions in West Asia and disruptions around the Strait of Hormuz, a key oil shipping route. International crude oil prices have remained elevated over the past few weeks, prompting oil marketing companies to gradually pass on higher costs to co...