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Iran demands US end war; India fuel prices unchanged

Iran demands US end war; India fuel prices unchanged
Petrol, diesel prices today — 9 Aug: Fuel rates in Delhi, Gurugram, Jaipur as Iran sets new terms to end war with US · livemint.com

People in India buy petrol and diesel to run their cars and bikes.

On Saturday, the price of these fuels stayed the same in big cities like Delhi and Jaipur.

The companies that sell fuel in India have kept prices steady since their last big change on 25 May.

World oil prices are connected to where oil ships can travel.

A very important waterway called the Strait of Hormuz is used by ships carrying oil.

Iran and the United States have been fighting a war for about five months.

Iran said it will not reopen the strait until the United States stops threatening it and meets its demands.

Iran wants the US to end the war, remove its soldiers, lift sanctions and pay for the damage, while Oman is helping the two sides talk.

Also in India, politician Arvind Kejriwal criticised Prime Minister Narendra Modi over a new US law that could punish countries buying Russian fuel.

Key facts

Brent crude price
$83.55 per barrel, up 1.3%
WTI crude price
$77.06 per barrel, down 0.3%
Last Indian fuel price revision
25 May
Petrol price in New Delhi
₹102.12 per litre
Diesel price in New Delhi
₹95.20 per litre
Highest listed petrol price
₹112.66 per litre in Jaipur
US-Iran conflict duration
About five months
US Russia Sanctions Bill
Up to 100% tariff possible on India if it becomes law

Quotes

Iran’s Supreme National Security Council

Iranian state council issuing a public statement on the U.S. war

“The United States must never threaten Iran again and must permanently end the war with Iran and its armed allies in the region.”
livemint.com
“The US must stop aggression against Iran and its Lebanese, Palestinian, Yemeni and Iraqi allies.”
livemint.com

Sources

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