Global crude oil prices surged toward $85 per barrel this week, climbing 12% as Iran's closure of the Strait of Hormuz escalated Middle East tensions.

Global crude oil prices surged toward $85 per barrel this week , climbing 12% as Iran's closure of the Strait of Hormuz escalated Middle East tensions. Despite Brent crude's sharp jump amid US-Iran conflict, Indian petrol and diesel prices remained flat on March 6, 2026. Delhi's petrol held steady at 94.77 rupees per litre while diesel stayed at 87.67 rupees per litre. Across major Indian cities, petrol prices ranged from 94.77 rupees in Delhi to 107.50 rupees in Hyderabad, while diesel varied between 87.67 and 95.70 rupees per litre. State-run oil companies have maintained price stability despite global market volatility, shielding consumers from immediate impact of international geopolitical tensions on fuel costs.