India's fuel prices hold steady despite global oil volatility. Petrol costs ₹94.77 per litre in Delhi and ₹103.54 in Mumbai, while diesel trades at ₹87.67 and ₹90.03 respectively. The government continues shielding consumers from West Asia conflict impacts, maintaining stable pump prices despite crude oil surging to four-year highs of ₹126 per barrel in late April. Global tensions between US and Iranian forces pushed Brent crude toward ₹103 per barrel, yet India's domestic pricing remains resilient. Economists warn wholesale inflation will feel greater pressure than retail inflation as imported goods face higher costs. The government's price control strategy protects households from immediate fuel cost increases while wholesale indices absorb global crude pressures.
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