Petrol, Diesel Price Today (March 13

On March 13, petrol and diesel prices in India remained stable, offering consumers some respite amidst a turbulent global oil market. For nearly a year, petrol prices in New Delhi have been consistent, a reflection of government efforts to shield citizens from the impacts of international oil price fluctuations. As geopolitical tensions in the Middle East threaten to disrupt global energy supplies, Indian oil marketing companies have chosen to maintain fuel prices across major cities, despite variations due to local state taxes. For instance, in Delhi, petrol is priced at Rs 94.77 per litre, making it relatively cheaper compared to other metropolitan areas like Hyderabad and Kolkata, where prices exceed Rs 105 per litre. Analysts are closely monitoring the situation, as rising crude oil prices could lead to higher transportation and manufacturing costs, potentially triggering inflation. The ongoing volatility in crude oil markets raises concerns about a global energy shock, emphasizing the delicate balance between domestic fuel pricing and international geopolitical dynamics.