Petrol and diesel prices today — 24 Aug: Check fuel rates in Delhi, Mumbai, Bengaluru, other cities as crude oil falls
Petrol and diesel prices today: Fuel rates in Delhi, Mumbai, Bengaluru and other cities stood steady even though oil prices eased on Monday. Check exact fuel rates in Delhi, Mumbai, Bengaluru and other cities here.
Petrol and diesel prices remained unchanged across major Indian cities on Monday as fuel rates were reviewed at 6:00 AM daily due to India's dynamic fuel price method. Oil prices dropped on Monday as investors awaited US sanctions on Iran, which may disrupt energy supplies from West Asia. Brent crude fell 1.0% to around $93.43 a barrel, while US crude slipped 1.1% to $86.14 a barrel.
The US blockade of Iranian ports in the Strait of Hormuz reduced oil shipments, handling less than 20% of global oil and gas supplies. US Treasury Secretary Scott Bessent held a press conference to discuss the economic pressure campaign against Iran, vowing to isolate the country and its trading partners. Iranian crude offers declined, and prices rose due to the US blockade.
Iranian President Masoud Pezeshkian called for diplomatic solutions, while Tehran condemned the new sanctions as 'economic terrorism' and 'crimes against humanity'.
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