Fuel prices hold steady in India amid Middle East crisis. While Brent Crude surged from $70 in late February to $107.11 on Monday, regular petrol and diesel prices remained unchanged across major cities. However, state-run oil marketing companies raised industrial diesel by 21.92 rupees per liter, a significant 25% increase, and premium petrol by 2 rupees per liter. The Strait of Hormuz remains effectively closed following the conflict that erupted on February 28, disrupting global maritime traffic and creating volatility in international oil markets. Despite mounting pressure on margins from rising crude costs, IOC, BPCL, and HPCL have maintained regular fuel prices for now. Delhi petrol stands at 94.77 rupees per liter and diesel at 87.67 rupees, while Mumbai sees petrol at 103.54 rupees and diesel at 90.03 rupees.
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