Petrol and diesel prices hold steady as Brent crude nears $96 a barrel
Retail petrol and diesel rates remained unchanged across Delhi, Mumbai, Bengaluru and Kolkata on 23 July, even as Brent crude rose nearly 2% to about $96 a barrel amid Middle East supply concerns.
What happened
retail-company · Petrol and diesel retail prices remained unchanged across India on 23 July despite Brent crude rising nearly 2% to about $96 a barrel amid
Key facts
- Brent crude: $96 per barrel
- Previous Brent settlement: $94.07 per barrel
- WTI crude: $88.27 per barrel
- US crude inventories increased by 2 million barrels
- Analysts expected a 1.1 million-barrel inventory decline
Why this matters
Sustained crude-price volatility could strengthen the strategic case for investments in non-fuel revenue, supply resilience and energy-transition assets.