The spike, observed at filling stations nationwide, follows a sharp increase in global crude oil prices triggered by renewed conflict between Israel and Iran.
Marketers have warned of further hikes unless the hostilities de-escalate soon. The conflict has already caused significant damage to vital oil infrastructure, pushing prices upward on the international market.
Brent crude rose by 11.71 percent from $66.45 to $74.23 shortly after the conflict began, peaking at $78.50, its highest since late January.
U.S. West Texas Intermediate (WTI) crude also spiked, gaining 13 percent over the previous week to hit $77.62 per barrel.
