Petrol continues to cost over ₹115 per litre and diesel above ₹105 per litre in some Indian cities, even as global crude oil prices remain elevated due to geopolitical tensions.

Petrol and diesel prices across India remained unchanged on Saturday, offering relief to consumers despite a fresh rise in international crude oil prices. Global oil markets have witnessed renewed volatility amid geopolitical tensions in the Middle East, but domestic fuel rates have not been revised so far.

Brent crude has reportedly been trading above $85 per barrel, raising concerns over future fuel pricing if the rally continues.

Petrol Prices in Major Cities

Here are the latest petrol prices across key Indian cities:

Among major cities, Hyderabad recorded the highest petrol price at ₹117.07 per litre, while Thiruvananthapuram remained above ₹115 per litre.

Diesel Prices in Major Cities

Hyderabad remains one of the few cities where diesel is priced above ₹105 per litre.

Why Are Crude Oil Prices Rising?

Global crude oil prices have climbed due to renewed geopolitical tensions in the Middle East.

According to market analysts, concerns include:

• Ongoing regional conflicts.
• Potential disruptions to oil supplies.
• Uncertainty surrounding shipping routes, including the Strait of Hormuz.
• Increased risk premium in global energy markets.

These factors have pushed Brent crude above $85 per barrel, keeping energy markets on edge.

Why Haven't Domestic Fuel Prices Changed Yet?

Although international crude prices have increased, Indian oil marketing companies have not revised retail fuel prices.

Domestic petrol and diesel prices depend on several factors, including:

• International crude oil prices.
• Exchange rates.
• Refining and transportation costs.
• Taxes levied by the Centre and state governments.

As a result, changes in global oil prices are not always reflected immediately at fuel stations.

When Were Fuel Prices Last Revised?

According to recent reports, the last major revision in domestic fuel prices took place in May, when oil marketing companies increased petrol and diesel prices in multiple phases due to higher import costs.

Could Fuel Prices Rise Again?

Market experts believe a future price revision could become more likely if:

• Crude oil remains above current levels for an extended period.
• Geopolitical tensions escalate further.
• Oil supplies through key shipping routes face disruptions.
• Import costs continue to rise.

However, no announcement has been made regarding any immediate increase in petrol or diesel prices.

Outlook

For now, motorists continue to pay the same rates despite volatility in global energy markets. Consumers are advised to monitor official updates from oil marketing companies, as future price revisions will depend on international crude oil trends and broader market conditions.

Disclaimer: Fuel prices are subject to periodic revisions by oil marketing companies. Prices may vary slightly across cities depending on local taxes and other applicable charges.