Oil Marketing Companies (OMCs) have implemented another price hike for petrol and diesel, raising costs by ₹2.61 per litre for petrol and ₹2.71 for diesel. This marks the fourth increase in just two weeks, with petrol prices in Delhi now exceeding ₹100, specifically at ₹102.12 per litre, while diesel has reached ₹95.20. The ongoing price adjustments are largely due to the need for OMCs to recover losses incurred during a period when fuel rates remained stable despite escalating global crude oil prices, which have recently crossed $100 per barrel. The situation is further exacerbated by geopolitical tensions in West Asia, particularly the conflict between the United States and Iran, which has caused disruptions in the Strait of Hormuz, a crucial passage for global oil shipments. Major cities across India are experiencing similar price hikes, with petrol reaching ₹105.68 in Mumbai and diesel at ₹98.34. The continuous rise in fuel prices is raising concerns among consumers and may have broader economic implications.