Petrol and diesel prices on April 14 in your city: Petrol and diesel prices are revised daily, but these fuel prices remain almost unchanged on Tuesday. Although Indian stock markets remained closed on April 14 for the Ambedkar Jayanti public holiday, Asian counterparts opened higher as oil prices fell and renewed hopes of a potential US-Iran deal. Optimism surrounded the market after US Vice President JD Vance suggested the possibility of a diplomatic showdown between Washington and Tehran.
The ongoing conflict in West Asia has disrupted the global fuel supply chain, causing energy prices to rise. However, India’s retail inflation has remained largely insulated from this impact so far, according to a Crisil Intelligence report.
“Despite a full month since the outbreak of the conflict, retail inflation has shown relatively little impact from the energy shock.” the report said. Brent crude prices rose about 45 percent in March, while international natural gas prices rose nearly 69 percent compared to February, according to Crisil. The spillover effect of domestic retail inflation was therefore muted.
Check the current current prices of petrol and diesel in the city:
India’s Consumer Price Index (CPI) inflation rose to 3.4 percent in March from 3.2 percent in February due to a rise in food and fuel prices due to global fuel shortages. The report highlights the impact of the global energy shock and says government measures have helped consumers cushion rising global fuel prices.
To protect households from price pressures, the Center announced a cut in excise duty last month. At the same time, core inflation remained stable at 3.7 percent. In addition, the correction in world gold and silver prices helped curb overall inflation.
Today’s Brent crude oil rate
Brent crude, the international benchmark, traded around $97.99 a barrel after touching a low of $96.60. Market sentiment improved globally and was reflected in the S&P 500, which gained 0.6 percent in late trade after recovering from an earlier slide. At the same time, the Dow Jones industrial average rose by 102 points (0.2 percent). A day after the Nasdaq hit its highest level since before the conflict, the tech-heavy Nasdaq Composite outperformed on Monday, rising 0.8 percent.
