Petrol, diesel prices today — 13 Aug: Fuel rates in Delhi, Mumbai as crude oil falls despite deadlock in US-Iran talks
Petrol, diesel prices today — 13 August: Retail fuel rates held steady on Thursday, despite drop in Brent crude price. Check fuel rates in Delhi, Mumbai, Gurugram and other cities.
Today, August 13, fuel rates in major Indian cities like Delhi, Mumbai, Gurugram, and Jaipur remained unchanged despite fluctuations in crude oil prices. Petrol and diesel prices, set by state-run Oil Marketing Companies (OMCs), were not impacted by the decline in Brent crude oil price, the global benchmark. The OMCs have maintained these rates since the last major revision on May 25.
Retail petrol and diesel prices continue to align with the OMCs' last price revision. Oil prices dipped slightly after rising by 12% over the previous six sessions, with Brent futures falling by 1.5% or $1.29 to $87.69 a barrel. US West Texas Intermediate (WTI) crude also dropped by $1.30 or 1.6% to $81.97. Analysts noted that the safety situation in the Strait of Hormuz has worsened, leading vessels to turn off their signals, which reduces transparency and makes it harder to track supply levels.
The Organisation of Petroleum Exporting Countries (OPEC) lowered its world oil demand growth forecast for 2026 to 580,000 barrels per day, citing little progress in reopening the Strait of Hormuz and deadlocked peace talks between the U.S. and Iran. The International Energy Agency (IEA) reported a global oil market shortfall of 1.8 million barrels a day, significantly higher than earlier projections.
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