India has raised petrol and diesel prices for the first time in nearly four years, with state-run oil marketing companies increasing rates by Rs 3 per litre on May 15. The move comes amid soaring global crude oil prices triggered by escalating tensions in West Asia and fears of supply disruptions around the Strait of Hormuz. However, despite the latest revision, India still ranks among the countries with the lowest fuel price increases globally. While several nations across Asia, Europe and North America have witnessed steep spikes in petrol and diesel costs, India’s increase remains relatively moderate. Here’s a look at how fuel prices have surged across the world.

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