Fuel prices today, November 13: See how much petrol, diesel costs in your city on Friday — Full list | Today’s news
Fuel prices today, November 13: Petrol and diesel prices remained unchanged in major cities including New Delhi, Mumbai, Chennai and Kolkata on Friday (Nov 13), even after the Center scrapped additional excise duty on petrol exports.
Indian consumers have so far been shielded from the impact of rising global oil prices due to tensions in the Middle East as domestic fuel retailers continue to keep pump prices steady.
Fuel rates vary by state and city depending on factors such as local taxes, including value added tax (VAT), transportation costs and other region-specific charges.
Oil prices jumped after Trump said the US does not need a deal with Iran
Oil prices rose slightly on Thursday after US President Donald Trump said Washington would do without a deal with Tehran, reducing prospects for a breakthrough to end a war that has cut off supplies from the Middle East. In a Truth Social post, Trump said, “We don’t need a deal with Iran. Those days are long gone. We have their money, hundreds of billions of dollars, and we have their strait!”
His remarks pushed Brent crude higher, with prices settling 3.3% at nearly $96 a barrel. Trump’s comments marked a departure from the diplomatic approach taken in recent days as Iran maintains a firm position. Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, told Al Mayadeen that the country would not allow “a single atom” of its enriched nuclear material to be removed from Iran.
Oil prices fell earlier on Thursday on signs that exports from the Persian Gulf, led by Saudi Arabia, were holding up. Riyadh told OPEC that its oil output rose 26% in October to one of the highest monthly levels in several years, according to a report the organization released on Wednesday. Iraq also announced an increase in production to a new wartime high.
However, exports from the region continue to depend on alternative routes and arrangements. These include Saudi Arabia’s east-west pipeline, which transports oil to the Red Sea while bypassing the Strait of Hormuz, as well as the so-called shuttle trade involving ship-to-ship transfers.
Meanwhile, Washington and Tehran remain divided on key issues in their efforts to negotiate a peace deal, including Iran’s nuclear program, asset freezes and the US naval blockade.
Ukrainian drones hit Russian refineries
Bloomberg reported that the Middle East is not the only source of disruption to global oil supplies. In Europe, Russian refineries have come under attack by Ukrainian drones, adding to pressure on diesel supplies already affected by the war in Iran. Moscow was forced to halt fuel exports amid the disruption.
In one of the latest attacks, Kiev said it had targeted Moscow’s largest oil refinery, deep in western Siberia, for the third time.
