Fuel prices on 18 August: Here's how much petrol, diesel cost in Delhi, Mumbai, Bengaluru today — Check full list
India’s petrol and diesel prices remained largely stable on 18 August despite a sharp rise in global crude prices. Oil climbed amid renewed US-Iran tensions, fears of wider conflict, and uncertainty over the Strait of Hormuz, a key route for global energy supplies.
Petrol and diesel prices in India remained largely stable on August 18, with only minor fluctuations reported in certain regions. Nationwide, there were no significant price changes as global oil prices increased due to concerns over Middle Eastern stability, including the lack of a renewed 60-day negotiation window between the United States and Iran.
WTI oil prices rose 0.6% to approximately $85 a barrel after President Trump expressed no interest in extending the expiring agreement with Tehran. Meanwhile, Brent crude prices surged to over $91 per barrel, marking a 50% increase this year due to the ongoing five-month conflict in the region. Although oil producers in the Persian Gulf seem to be finding more efficient ways to transport crude through the Strait of Hormuz, shielding international markets from disruptions.
Retail fuel prices in India are set by state-owned oil marketing companies, protecting consumers from global energy price volatility.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
