On May 1, the price of commercial LPG cylinders was increased by ₹993. Now, it's the turn of petrol and diesel prices to rise. Clear indications of this have emerged. Government sources said on Friday that a price increase in petrol and diesel cannot be ruled out in the near future.

Prices may rise soon
It's worth noting that global crude oil prices have risen significantly. Despite this, retail rates have remained stable for four years. This has led to mounting losses for oil companies. Furthermore, the Iran-US war has further exacerbated the situation.

Crude prices remain high
International crude oil prices reached their highest level in four years this week.
After reaching $126 per barrel, they eased slightly
, but remained above $110 per barrel.
Shipping through the Strait of Hormuz remains restricted.
A war of words continues between US and Iranian leaders amid stalled peace talks.

PC- Siasat.com