Fuel prices hold steady amid global volatility. Petrol and diesel rates remained unchanged on April 4 despite significant fluctuations in global oil markets triggered by US-Iran tensions in the Middle East. The Indian government has signaled its intention to maintain price stability as oil marketing companies absorb the impact of supply disruptions. Delhi petrol stands at 94.77 per liter while Mumbai reaches 103.54. Diesel prices show similar regional variation, with Delhi at 87.67 per liter and Mumbai at 90.03. The Centre previously reduced special additional excise duty on both fuels to provide relief to OMCs facing margin pressures. This pricing strategy aims to shield consumers from sudden shocks while geopolitical risks continue affecting crude supplies globally.
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