In India’s domestic market, petrol and diesel prices at state-run outlets remain stable today, although jet fuel and commercial gas prices continue to reflect earlier fluctuations.
As of 8:41 a.m., retail fuel prices in major cities have not changed.
CitiesPetrol ( ₹/liter)Diesel ( ₹/litre)New Delhi ₹94.77 ₹87.67 Bengaluru ₹102.92 ₹90.99 Mumbai ₹103.54 ₹90.03 Calcutta ₹105.41 ₹92.02 Chennai ₹100.85 ₹92.39 Hyderabad ₹107.46 ₹95.70
Globally, oil benchmarks have retreated from recent highs as markets look for a possible diplomatic solution to the conflict in West Asia.
Brent crude is trading between $94.75 and $95.60 a barrel, while US WTI crude is hovering around $90.90 to $91.90. Russian Urals crude is at $117.46 a barrel, down 2.78%.
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Overall, Brent prices are down about 10% in the past week since the initial truce, although they remain roughly 44% higher than a year ago due to earlier price swings.
100% domestic LPG supply, PNG assured amid West Asia crisis: Govt
The Indian government has ensured 100% supply of pipeline natural gas (PNG) and liquefied petroleum gas (LPG) to domestic consumers by prioritizing their requirements amid power outages caused by the ongoing crisis in West Asia, ANI reported.
At an inter-ministerial briefing on recent developments in West Asia, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in the Ministry of Petroleum and Natural Gas, said the government has implemented several effective measures to stabilize the energy environment and maintain essential services.
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“As you know, energy supply to India has also been affected due to West Asian crisis. But the Indian government has taken many effective steps to ensure 100% supply by giving priority to domestic consumers of PNG and LPG. Besides, CNG transport has also been 100% ensured,” Sharma said.
Additionally, City Gas Distribution (CGD) companies have been directed to ensure full gas supply to critical industries, with 95% of the natural gas needs of the fertilizer sector met.
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To curb malpractices in the market, authorities have set up control rooms in all states and union territories. Monitoring teams conducted 2,100 surprise inspections resulting in sanctions for 237 distributors and suspension of 58 others to prevent hoarding and black marketing.
“Finally, through you, I would like to tell the citizens of the country that we have sufficient supplies available. And LPG, gasoline and diesel should be used as needed,” stated Šarma.
Middle East War: Tankers Captured
In the first 48 hours of the US naval blockade of Iranian ports, no ships managed to pass through, according to the US military. The nine vessels followed US instructions to turn back to Iranian ports or nearby coastal areas, Reuters reported.
However, Iran’s Fars news agency reported that the sanctioned Iranian supertanker was able to cross the strait and head for Imam Khomeini Port despite the blockade, although it did not give details of the vessel or its route.
Iran’s Joint Military Command has warned that if the US blockade continues, it will halt trade flows in the Persian Gulf, the Sea of Oman and the Red Sea – which connects to the Suez Canal.
(With input from agencies)
