New Delhi, May 18 -- Petrol and diesel prices remained unchanged on Monday, 18 May, after latest revision by the Indian government. On 15 May, state-owned oil marketing companies (OMCs), including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL), increased petrol and diesel rates by Rs.3 per litre. BJP-led government also increased Compressed Natural Gas (CNG) prices in cities like Delhi and Mumbai by Rs.2 per kg on Friday. CNG prices witnessed second price hike in 48 hours by Re 1 per kg across Delhi-NCR on Sunday.

The recent revision in fuel rates comes on the heels of West Asia war and nearly after 4-year period. As the world grapples with fuel crisi...