Indian refiners are currently dealing with the impact of geopolitical disruptions on global crude oil and fuel markets. Yet, the OMCs have kept fuel rates steady
Petrol and diesel prices in major Indian cities such as Delhi, Mumbai, and Bengaluru remained steady on October 5, despite geopolitical tensions between the US and Iran causing disruptions in global energy supplies. While the state-owned oil marketing companies (OMCs) kept fuel rates unchanged following their daily revision on Monday, private fuel retailer Nayara Energy increased petrol prices by ₹5 per litre and diesel by ₹3 per litre on Saturday. Despite these increases, fuel rates have remained largely unchanged across major metros since June.
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