Petrol & Diesel Prices Today – September 10: Fuel rates in Delhi, Mumbai and Bengaluru, crude nears $102 per barrel | Today’s news
Petrol and Diesel Prices Today, September 10: Fuel rates in Indian cities saw little change in some Indian cities on Thursday, September 10, even as Brent crude edged closer to $102 per barrel. State-owned oil marketing companies (OMCs) continue to insulate domestic customers from fluctuations in international energy prices. Fuel rates in India remain in line with the May 25 price revision, when petrol and diesel prices were hiked ₹2.7 to ₹2.8 per liter, or
Since India uses a dynamic fuel pricing method, petrol and diesel prices are revised daily at 6:00 AM but remain stable even after minor changes. Commodity prices have therefore been stable for more than three months, despite significant fluctuations in global energy prices. Check the latest petrol and diesel prices in your city on September 10.
Oil price today
Global benchmark Brent crude neared $102 a barrel as hostilities flared in West Asia. Meanwhile, West Texas Intermediate was trading around $97, Bloomberg reported. Concerns about a protracted conflict between the US and Iran injected fresh risk into the market, pushing energy prices higher for a fifth day. Brent closed above triple digits on September 9 for the first time since July.
While Brent remains below its wartime high of $126 a barrel hit in April, the global benchmark remains up nearly 70% this year on fears of a deeper breach in the Strait of Hormuz, a strategic waterway through which about a fifth of the world’s oil and liquefied natural gas flowed.
According to US Energy Secretary Chris Wright, less than 11 million barrels of oil and oil products move through the Persian Gulf per day.
US-Iran War Update
Tehran is ready for an intensified war and will escalate its counterstrikes if the US continues to attack its territory and infrastructure, a senior Iranian official told Bloomberg. Despite the US naval blockade of Iranian ports and attacks on its oil tankers, Tehran is not about to back down. The official further noted that the Islamic Republic has been rebuilding its military capabilities since the most intense period of the war ended in April and has enough missiles for a protracted conflict during the existential threat.
The IRGC announced on September 9 that a new “no-go zone” outside Hormuz would cover parts of the Gulf of Oman and beyond. As Iran prepares for all-out war, US President Donald Trump on Wednesday downplayed concerns over rising oil prices and a war he said would end in the weeks before congressional elections in November.
The tit-for-tat strikes in the seventh month of the war have pushed up energy prices and Iran’s new security chief, Mohsen Rezaee, has signaled a more aggressive stance. suggests that Tehran’s military posture towards US ships and bases has been “fundamentally recalibrated”.
Most recently, Washington claimed to have destroyed five Iranian energy tankers after one of its warships evaded attack. In response, Tehran fired about 20 missiles at a Jordanian airbase used by the US, hitting other US Navy ships and merchant vessels.
There have been no official peace talks since the collapse of the June accord, and there are no signs that the parties will return to the negotiating table.
