Iran War News LIVE Update: Amid the crisis in the Middle East, oil prices rose by more than 5%, topping $108 a barrel in international markets, boosting the price of fuel and other commodities. Brent crude, the global benchmark, has risen nearly 50% since the start of the conflict, according to the AP.
However, petrol and diesel prices remained largely flat in several cities on Sunday, March 19, maintaining stability despite significant fluctuations in global oil markets due to ongoing geopolitical tensions in the region.
Read also | Iran War News LIVE: UAE calls Iran targeting gas facility ‘dangerous escalation’
Check the petrol price today, March 19, in your cities in the table below:
CityPetrol ( ₹/L)Diesel ( ₹/L) Delhi ₹94.77 ₹87.67 Noida ₹94.74 ₹87.81 Calcutta ₹105.45 ₹92.02 Mumbai ₹103.54 ₹90.03 chennai ₹100.80 ₹92.39 Bengaluru ₹102.99 ₹91.06 Hyderabad ₹107.50 ₹95.70 Patna ₹105.54 ₹91.78 Gurgaon ₹95.85 ₹88:30 Lucknow ₹94.8487.98
Retail fuel prices in India
As of today, retail fuel prices in India ₹94.77 per liter of petrol, ₹87.67 per liter for diesel, and ₹77.09 per kg on CNG supplied by Indraprastha Gas Limited (IGL).
The Middle East Crisis: What’s Latest?
In retaliation for Larijani’s killing, Iran’s paramilitary Revolutionary Guards announced on Wednesday that they had fired multiple-warhead missiles into central Israel, aimed at improving their chances of bypassing defense systems. Footage captured by the Associated Press showed at least one missile scattering a cluster of munitions over Israeli territory.
Read also | Who is Fatemeh Larijani? Daughter of Ali Larijani, former US cancer specialist
Larijani served as senior political advisor to the late Supreme Leader Ali Khamenei on the strategy of nuclear negotiations with the Trump administration. In January, the US Treasury Department sanctioned him for “coordinating” Iran’s violent crackdown on nationwide protests. Similarly, General Soleimani has been sanctioned by the US and other countries for his long-standing role in suppressing dissent, the AP reported.
India announces measures to accelerate adoption of PNG
Meanwhile, India’s Ministry of Petroleum and Natural Gas has announced measures to accelerate the adoption of Piped Natural Gas (PNG) and expand city gas infrastructure nationwide.
The initiative encourages consumers, especially commercial LPG users in urban centers, to switch to PNG.
City Gas Distribution (CGD) companies have been instructed to proactively reach out to potential customers and encourage engagement through a variety of channels, including email, customer portals, letters and call centres.
Read also | State OMCs demand advance payments for supply of petrol, diesel
As reported by ANI, former chairman of Hindustan Petroleum Corporation Ltd MK Surana told ANI on Wednesday that India’s immediate priority should be to ensure fuel availability and while the situation is not “business as usual”, fuel stocks are being managed.
“Let’s leave the price part aside now, because that shouldn’t be the main concern. The main concern should be availability in the current situation. But the main concern should be supply,” Surana said as he outlined the evolving energy scenario associated with the disruption around the Strait of Hormuz.
He went on to say, “It’s not like it’s business as usual. There are more challenges on the LPG side compared to other fuels, but the government is managing it and we have to work with them rather than trying to hold on.”
Explaining the global context, he said: “About 20 percent of that, around 20 million barrels, goes through the Strait of Hormuz,” adding that despite assurances, “because insurance coverage is not available, it is virtually blocked.”
(With input from agencies)
