Petrol and diesel prices remain unchanged in major cities despite rise in global crude
Indian oil marketing companies held retail fuel prices steady in Delhi, Mumbai, Bengaluru and other major cities, even as Brent crude rose to $96.80 per barrel and WTI reached $92.14 per barrel.
What happened
Indian Oil Marketing Companies · Petrol and diesel prices were unchanged across major Indian cities despite higher crude prices following renewed US-Iran
Key facts
- Brent crude: $96.80/barrel, up 0.54%
- WTI crude: $92.14/barrel, up 0.72%
- Brent rose 7.8% last week
- WTI rose nearly 10% last week
- Delhi petrol/diesel: Rs 102.12/Rs 95.20 per litre
- Mumbai petrol/diesel: Rs 111.21/Rs 97.83 per litre
- Bengaluru petrol/diesel: Rs 110.89/Rs 98.80 per litre
Why this matters
Stable fuel pricing keeps logistics economics predictable for now, but elevated crude warrants stress-testing deals involving fuel-intensive operations.
What to watch
- Brent crude holding above $95-$100 per barrel for multiple weeks
- INR depreciation against the US dollar, raising landed crude costs
- Monthly OMC marketing-margin and under-recovery commentary
- Government statements on fuel excise duty, retail-price policy or OMC compensation
- Freight-rate increases from logistics providers and delivery platforms
- Broadening food and goods inflation tied to diesel-dependent transportation costs
- Retailers should retain current fuel-surcharge assumptions but prepare contingency pricing for higher transport and last-mile costs.
- Fuel-intensive categories, delivery operators and logistics vendors may seek rate revisions if high crude persists beyond several weeks.
- Consumer-facing companies are likely to avoid immediate broad price increases, instead relying on smaller pack sizes, promotional adjustments or reduced discounting if freight costs rise.
- OMC earnings expectations may face pressure from lower marketing margins before consumers see higher pump prices.