Brent Crude Surges On US-Iran Tensions, Check Petrol And Diesel Prices In Your City Today

New Delhi: The impact of the ongoing military conflict between America and Iran is now clearly visible on the global energy market. Amid increasing tensions in West Asia, the price of Brent crude oil has crossed 90 dollars per barrel. However, despite the rise in crude oil prices in the international market, there was no change in the retail prices of petrol and diesel in India on Monday.

Did the prices of petrol and diesel change today?

Government oil marketing companies (OMCs) have kept petrol and diesel prices stable for July 20. At present the same rates are applicable across the country, which were revised last time. Despite the fluctuations in the international market, consumers are currently relieved.

What are the rates of petrol and diesel in major cities today?

Why are Brent crude prices rising?

The ongoing conflict between America and Iran is continuously deepening. Geopolitical tension has increased in West Asia due to intensification of military action between the two countries. Due to this, the prices of Brent crude increased by about 4% and it reached above $ 90 per barrel.

What effect is the war having on the oil market?

Experts say that due to the increasing threat in the Strait of Hormuz, the possibility of oil supply being affected has increased. A large part of the world's crude oil passes through this sea route. Disruptions to shipping movements and incidents of attacks on energy infrastructure have increased uncertainty in the market.

Can petrol and diesel become expensive in India soon?

At present there has been no change in the prices of petrol and diesel in India. However, if crude oil remains expensive in the international market for a long time and the supply is disrupted, then pressure on fuel prices may increase in the coming days. At present, oil companies are keeping an eye on the global situation and crude oil prices.