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Fuel Prices India

Global crude oil prices declined after reports of a proposed US-Iran ceasefire extension raised hopes of uninterrupted shipping through the Strait of Hormuz.

The Ministry of Petroleum and Natural Gas says LPG, petrol and diesel prices remain unchanged, shielding consumers despite rising global fuel costs.

Nayara Energy raises petrol by Rs 5 and diesel by Rs 3 per litre as global oil prices surge, while PSU fuel retailers hold rates steady.

Centre has directed refineries and petrochemical units to boost LPG production as demand surges due to panic buying linked to Middle East tensions.

A fall in food prices and a double-digit drop in fuel prices contributed to the overall monthly inflation rate turning negative.

Oil marketing companies (OMCs) have reduced the prices of ATF & commercial LPG cylinders, bringing relief to businesses and consumers.