Fuel prices in India remained unchanged on April 24 despite volatility in global oil markets due to tensions in West Asia and disruptions to major shipping routes.
Oil marketing companies update fuel prices daily at 6 a.m. based on international oil rates and currency fluctuations to reflect real-time market conditions and ensure transparency for consumers.
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Petrol is expensive in Delhi ₹94.77 per liter and diesel at ₹87.67 per litre. Fuel remains more expensive in Mumbai, with petrol ₹103.50 per liter and diesel approx ₹90.03 per litre.
In other major cities like Bengaluru, Hyderabad and Kolkata, petrol prices continue to remain higher ₹100 per liter while diesel prices remain below the mark ₹100 marks.
Check fuel prices here:
CitiesPetrol ( ₹/L)Diesel ( ₹/L) New Delhi ₹94.77 ₹87.67 Bombay ₹103.49 ₹90.03 chennai ₹100.79 ₹92.02 Calcutta ₹104.99 ₹92.02 Bengaluru ₹102.9 ₹90.99 Hyderabad ₹107.45 ₹95.7
Oil prices rose for a fifth straight day on growing concerns that the US and Iran are making little progress in resuming talks on de-escalating tensions, effectively keeping the Strait of Hormuz closed to major shipping, Bloomberg reported.
Brent crude, the international oil benchmark, rose 0.9% to $106 a barrel, extending its annual gains to about 74%. The commodity is on track for its biggest weekly gain since the first week of the conflict as the closure of the strait continues to disrupt Middle Eastern oil supplies to global markets.
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While financial markets were volatile due to geopolitical risks, corporate earnings remained strong. Data compiled by Bloomberg show that nearly 80% of companies in the U.S. stock benchmark have so far beaten earnings expectations in the first quarter, Bloomberg reported.
The Middle East Crisis: What’s Latest?
US President Donald Trump said he had ordered the military to “shoot and kill” Iranian small boats disrupting traffic in the Strait of Hormuz. In a post on social media on Thursday morning, he added that demining operations on the key waterway were intensifying. The move further escalated tensions between the US and Iran in the Persian Gulf and raised concerns about ongoing peace efforts, the AP reported.
Later that day, Trump noted that Israel and Lebanon had agreed to extend the cease-fire with Hezbollah by three weeks following talks at the White House. It was the second high-level meeting between the two sides in a week. The original 10-day ceasefire, which began last Friday, was supposed to end on Monday.
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The US-Iran standoff has effectively choked almost all exports through the Strait of Hormuz, through which 20% of the world’s traded oil passes in peacetime, with no end in sight.
Meanwhile, the US military said it detained another tanker, the Majestic X, in the Indian Ocean on Thursday, saying it was involved in smuggling Iranian oil. The incident added to growing uncertainty about efforts to de-escalate the conflict.
The raid reportedly took place a day after Iran attacked three cargo ships in the Strait of Hormuz and seized two of them. Ship tracking data indicated that the Majestic X was in the Indian Ocean between Sri Lanka and Indonesia.
(With input from agencies)
Key things
- Fuel prices in India remain stable despite fluctuations in the global market.
- Geopolitical tensions significantly affect oil supply routes.
- Oil marketing companies adjust prices daily based on international rates.
