Fuel prices hold in major cities despite sharp crude rally
Petrol and diesel prices were unchanged across major Indian cities on Sept. 11 even as Brent approached $109 a barrel and crude benchmarks gained nearly 13% over the week, sustaining margin pressure on state-run oil marketing companies.
What happened
State-run oil marketing companies · Indian petrol and diesel retail prices remained unchanged despite a sharp crude rally, increasing pressure on state-run oil
Key facts
- Brent crude near $109 per barrel
- WTI above $103 per barrel
- Crude benchmarks gained nearly 13% over the week
- Petrol prices unchanged since May 25 after a Rs 7.5 per litre increase
- Delhi petrol Rs 102.12/litre; diesel Rs 95.20/litre
- Mumbai petrol Rs 111.21/litre; diesel Rs 97.83/litre
Why this matters
Evaluate partnerships or acquisitions that reduce crude-price exposure, as regulated-looking pump prices can weaken downstream earnings resilience.