Delhi residents woke up to a sharp rise in fuel prices on Friday as petrol and diesel rates were increased by ₹3 per litre amid growing concerns over the global oil crisis triggered by the ongoing conflict in West Asia.Petrol, Diesel Prices Hiked By Up To ₹3: Here’s How Much It Costs In Your City Now | Iran WarThe latest revision ends a nearly four-year freeze on fuel price hikes across India. The increase, which applies to all variants of petrol and diesel including regular and premium fuels, comes at a time when companies are grappling with rising input costs and growing concerns over supply disruptions in the global oil market.New fuel prices in DelhiFollowing the latest revision, petrol in Delhi will now cost ₹97.77 per litre, up from ₹94.77, while diesel prices have increased from ₹87.67 to ₹90.67 per litre. Both fuels have become costlier by ₹3 per litre with effect from May 15.The hike ends the nearly four-year freeze on fuel price revisions that had been in place since April 2022. The only major change during this period came in March 2024, when petrol and diesel prices were reduced by ₹2 per litre ahead of the Lok Sabha elections.Also Read: Petrol, diesel prices up by ₹3 per litre days after PM Modi's 'save' fuel' callPM Modi urges people to save fuelThe fuel price hike comes just days after Prime Minister Narendra Modi urged citizens to reduce petrol and diesel consumption amid the ongoing oil crisis linked to the US-Iran conflict.In his appeal, the Prime Minister encouraged people to use public transport, prefer metro travel, avoid unnecessary trips, and adopt work-from-home wherever possible to help reduce fuel demand and ease pressure on energy supplies.India imports over 85% of its crude oil, which means any rise in global oil prices directly affects the country. Concerns over the Strait of Hormuz, an important route for transporting crude oil, have also increased due to the ongoing conflict in West Asia.