Retail petrol and diesel prices across India remained largely unchanged on March 10, even as global crude oil prices surged past the $100-per-barrel mark, raising concerns about potential fuel price hikes in the coming weeks.

Key Highlights

• Petrol and diesel prices remain unchanged across India despite global crude oil prices crossing the $100 mark.
• Fuel rates in major cities like Delhi, Mumbai, and Bengaluru stay stable amid rising geopolitical tensions.

The sharp rise in crude oil prices has been driven by geopolitical tensions in West Asia, particularly the ongoing conflict involving the United States, Israel, and Iran, which has disrupted global energy markets and created fears of supply constraints.

Despite the volatility in global oil markets, Indian oil marketing companies have not revised retail fuel prices, offering temporary relief to consumers across major cities.

City-Wise Petrol and Diesel Prices (March 10)

Fuel prices continue to vary across cities due to state taxes, transportation costs, and local levies.

Petrol prices in major cities:

• Delhi: ₹94.77 per litre

• Mumbai: ₹103.50 per litre

• Kolkata: ₹105.45 per litre

• Chennai: ₹101.23 per litre

• Bengaluru: ₹102.92 per litre

Diesel prices in major cities:

• Delhi: ₹87.62 per litre

• Mumbai: around ₹90 per litre

• Bengaluru: about ₹90.99 per litre

• Chennai: around ₹92.34 per litre

Among metro cities, Kolkata currently has the highest petrol price, while Delhi remains the lowest.

Also Read: Petrol and Diesel Prices Today: Latest Fuel Rates Across Major Cities

Government Strategy and Market Outlook

Government sources suggest that state-run refiners may absorb the current price shock temporarily, especially after benefiting from stable crude prices in earlier months.

Additionally, authorities are exploring alternative crude supply routes to ensure stable imports and mitigate the impact of potential disruptions in key shipping lanes such as the Strait of Hormuz.

For now, fuel prices at the pump remain stable, but with crude oil hovering around $100 per barrel, experts warn that sustained geopolitical tensions could eventually push domestic fuel rates higher.