Indian fuel prices hold steady amid Middle East turmoil. Despite global oil volatility triggered by the Middle East conflict and disrupted maritime traffic through the Strait of Hormuz, petrol and diesel prices for regular customers remained unchanged on March 22. Brent Crude surged from $72 to $112 as geopolitical tensions escalated following US-Israel strikes on Iran and subsequent Iranian retaliation. While state-run oil marketing companies raised industrial diesel prices by 21.92 rupees per litre and premium petrol by 2 rupees per litre on Friday, regular fuel prices stayed stable across major cities. Delhi's petrol costs 94.77 rupees per litre with diesel at 87.67 rupees, while Mumbai sees petrol at 103.54 rupees and diesel at 90.03 rupees. Indian Oil, BPCL, and HPCL adjust prices daily at 6 am to reflect international crude movements and currency fluctuations.
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