📷 Image: Wikimedia Commons / Robert W Watt
Business
Petrol, Diesel Prices Hold Steady as Brent Crude Touches $113.8 on Supply Concerns
✍️ HDFC Sky
🗓 23 Oct 2026, 12:03 PM
👁 18
India’s retail petrol and diesel rates remained unchanged while global Brent crude rose to $113.8 per barrel, driven by worries over supply disruptions.
Retail prices for petrol and diesel across India stayed flat on the latest update, according to data released by HDFC Sky. The price freeze applies to the nationwide average rates that consumers pay at fuel stations.
At the same time, the benchmark Brent crude oil contract climbed to $113.8 a barrel. Traders cited concerns over potential supply constraints, including geopolitical tensions and production shortfalls, as the primary driver of the price surge.
The unchanged domestic fuel prices come as the Indian market monitors global oil movements closely, given their impact on import bills and inflation trends. Authorities have not indicated any immediate policy shift in response to the Brent rally.
At the same time, the benchmark Brent crude oil contract climbed to $113.8 a barrel. Traders cited concerns over potential supply constraints, including geopolitical tensions and production shortfalls, as the primary driver of the price surge.
The unchanged domestic fuel prices come as the Indian market monitors global oil movements closely, given their impact on import bills and inflation trends. Authorities have not indicated any immediate policy shift in response to the Brent rally.