New Delhi, May 5 -- Petrol and diesel prices remained stable on Tuesday, unaffected by global energy crisis as the Centre intervened to cushion domestic consumers against price pressures. The disruption in energy supply chain triggered the steep rise in fuel prices across the world. The blockade of the critical trade route - the Strait of Hormuz, through which roughly one-fifth of the world's oil and gas exports take place, resulted in fuel supply shortage.

Since the onset of West Asia war, this strategic waterway has been a major sticking point in Iran's peace talks with the United States. As the US and Iran traded blows over the narrow Gulf waterway, crude oil prices remained elevated despite marginal drop on Tuesday. Brent crude oil i...