Petrol, diesel prices hiked? Check latest fuel rates in Delhi, Mumbai, Bengaluru and other key cities on 2 May

Global oil prices jumped sharply after the US and Israel launched strikes on Iran on February 28, followed by Tehran’s extensive retaliation that effectively closed the Strait of Hormuz. Crude oil, which was priced at around $70 per barrel last year, has averaged more than $114 per barrel in late April.

But the Indian government said that the retail prices of petrol and diesel have remained unchanged since early April 2022.