Crude Oil Surges Amid Gulf Tensions, Petrol-Diesel Prices Rise Across India

• Tensions in Gulf countries, fueled by the Iran crisis, have led to a significant increase in global crude oil prices.
• Brent crude prices surged by approximately $2 per barrel, reaching around $68 in the global market.
• Government oil companies announced an increase in retail petrol and diesel prices across India today.
• Specific price changes include petrol rising by 2 paise in Gautam Buddh Nagar and 17 paise in Ghaziabad, while diesel also saw increases.
• Major cities like Delhi, Mumbai, Chennai, and Kolkata also reflect the updated higher prices for petrol and diesel.

Why It Matters: Rising Gulf tensions have pushed crude oil prices up, leading to increased petrol and diesel rates nationwide.