economictimes.indiatimes.com ·
Petrol Diesel Prices Hiked Again as Brent Crude Rises Above 110 Barrel Check Fuel Rates in Delhi Mumbai Chennai and Other Cities Today
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AI insight
AI-generatedRising global oil prices (Brent crude above $110/bbl) due to geopolitical tensions (Iran conflict) are directly passed through to Indian retail fuel prices. The mechanism is input cost passthrough: Indian oil marketing companies (OMCs) raise petrol/diesel prices to recover higher crude import costs. Impact is India-specific (EM_MARKETS) but driven by global crude (COMMODITY_OIL). Refining margins may be squeezed if OMCs cannot fully pass through costs.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- Petrol and diesel prices in India hiked by Rs 3 per litre last week.
- Brent crude above $110 per barrel, up over 50% since late February.
- Petrol in Delhi now costs Rs 97.7 per litre; diesel at Rs 90.67.
- Mumbai petrol at Rs 106.68 per litre; diesel at Rs 93.14.
- Further price hikes may occur pending government approval.
Indian refining margins may see slight compression in the short term due to rising crude costs.
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Sector impact at a glance
- COMMODITY_OILmid
- COMMODITY_OILshort
- EM_MARKETSmid
- REFININGmid
- REFININGshort