Breaking News: English: Petrol, Diesel Prices Unchanged Despite 37% Surge In Global Crude Oil; Check Rates In Your City
Petrol and diesel prices across several major Indian cities saw only minor changes on Saturday, with fuel rates largely remaining stable despite fluctuations in global crude oil markets. The stability comes at a time when international oil prices are experiencing sharp volatility due to ongoing geopolitical tensions in the Middle East.
Oil marketing companies (OMCs) revise petrol and diesel prices daily at 6 AM based on global crude oil prices and currency exchange rate movements. However, authorities have indicated that retail fuel prices in India are likely to remain steady for now to avoid sudden shocks for consumers.
Among these cities, Hyderabad and Patna continue to record some of the highest petrol prices, while Delhi remains among the cities with comparatively lower rates.
Middle East Conflict Pushing Up Global Oil Prices
Global crude oil prices have surged significantly due to the ongoing conflict involving Iran in West Asia. Reports indicate that crude prices have risen by nearly 37 percent since the conflict began.
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