Fuel prices hold steady across Indian cities on March 13 as global oil markets stabilize.

Fuel prices hold steady across Indian cities on March 13 as global oil markets stabilize. Petrol and diesel rates remained largely unchanged in major metros including Delhi, Mumbai, Bengaluru, and Hyderabad, following one of the most turbulent trading weeks in recent years. Brent crude stabilized around $100 per barrel after sharp gains, driven by geopolitical tensions in the Middle East. Iran's new Supreme Leader pledged to keep the Strait of Hormuz effectively shut, a critical energy corridor handling substantial global oil exports. Regional price variations persist due to state-level taxes, with Hyderabad recording highest petrol at 107.50 rupees while Delhi remains cheapest at 94.77 rupees. The rupee weakened to an all-time low of 92.37 against the US dollar, with the Reserve Bank intervening to cushion currency pressure from rising crude prices.