New Delhi, June 1 -- Fuel prices remained largely unchanged on Monday, 1 June. The last fuel price hike was on Monday, 25 May, when oil marketing companies (OMCs) increased both petrol and diesel prices by over Rs.2.50 per litre.

The last increase was the fourth price hike in less than two weeks, extending a delayed pass-through of soaring global crude oil costs triggered by the Iran conflict.

The latest increase, taking cumulative hikes since 15 May, has brought the price to nearly Rs.7.5 per litre.

Fuel prices have now reached their highest levels since May 2022 after remaining largely frozen for more than two years, barring a Rs.2-per-litre cut in March 2024.

The war in West Asia disrupted global energy supplies, including those to...