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Fuel Prices Hold Steady as Saudi Pipeline Closure Lifts Crude

Fuel Prices Hold Steady as Saudi Pipeline Closure Lifts Crude
Petrol and diesel prices today: Fuel rates in Delhi, Mumbai, Bengaluru as crude rose after Saudi shut key oil pipeline · livemint.com

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.

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”
livemint.com

Sources

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