Central government sources said that petrol and diesel prices are likely to increase in the near future. Despite a sharp increase in international crude oil prices, they said that losses are increasing due to the lack of revision in retail prices for several years. International oil prices are increasing sharply due to restrictions on ship traffic in the Strait of Hormuz and the failure of US-Iran talks. This week, a barrel of crude oil reached a four-year high of $ 126 and is currently above $ 110.