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Fuel Prices Hold Steady as Saudi Pipeline Closure Lifts Crude
Fuel prices in Indian cities stayed mostly steady on September 14.
New Delhi’s petrol price was ₹102.12 per litre, while diesel cost ₹95.20.
Prices are different across cities because state taxes and local charges vary.
International oil prices rose after Saudi Arabia closed a major crude pipeline.
The closure followed attacks by Iran-backed Houthi militants on Saudi energy facilities.
Brent crude rose above $108 a barrel, and another oil price measure neared $103.
Analysts said the effect may be limited if the pipeline reopens quickly.
A longer closure could reduce oil production and put more pressure on global supplies.
Petrol and diesel prices in Indian cities showed only slight changes on September 14.
New Delhi recorded petrol at ₹102.12 per litre and diesel at ₹95.20.
Mumbai had petrol at ₹111.21 and diesel at ₹97.83 per litre.
Brent crude rose 3.6% above $108 a barrel, while West Texas Intermediate neared $103.
Saudi Arabia shut a major crude pipeline after intensified Houthi attacks on its energy infrastructure.
- Who
- Indian state-run Oil Marketing Companies, Saudi Arabia, Iran-backed Houthi militants, and global oil-market participants.
- What
- Indian fuel prices remained broadly steady while international crude prices rose after Saudi Arabia shut a major crude pipeline.
- Where
- Across Indian cities, with the oil-market disruption involving Saudi Arabia and the Red Sea region.
- When
- September 14, a Monday; Indian fuel prices are revised daily at 6:00 AM.
- Why
- Crude prices rose because attacks on Saudi energy infrastructure led to the pipeline closure and increased concerns about global oil supplies.
Key facts
- New Delhi fuel prices
- Petrol ₹102.12 per litre; diesel ₹95.20 per litre.
- Mumbai fuel prices
- Petrol ₹111.21 per litre; diesel ₹97.83 per litre.
- Bengaluru fuel prices
- Petrol ₹111.68 per litre; diesel ₹99.56 per litre.
- Brent crude
- Rose 3.6% to trade above $108 a barrel.
- West Texas Intermediate
- Rose to trade near $103 a barrel.
- Indian pricing system
- State-run Oil Marketing Companies revise fuel prices daily at 6:00 AM, but rates had remained steady for about three months.
- Previous major adjustment
- Petrol and diesel had previously increased by about ₹2.7 and ₹2.8 per litre, respectively.
Quotes
June Goh
Senior oil market analyst at Sparta Commodities SA
“It all boils down to the duration”
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