Petrol and diesel prices today, October 24: Check fuel cost in Delhi, Mumbai, Bengaluru
Brent oil finished out the week at the highest level since April as intensifying attacks on Saudi Arabia added to supply concerns already stoked by the US-Iran war.
Petrol and diesel prices remained unchanged across major Indian cities on October 24, 2021, according to oil marketing companies (OMCs). The fuel costs varied regionally due to factors like local taxes, freight charges, and other localized elements. While global oil prices have seen fluctuations amid ongoing geopolitical tensions, particularly the US-Iran conflict, domestic retail prices have remained steady.
Brent oil settled just below $117 a barrel, up over 6% this week, while West Texas Intermediate closed above $103. The Saudi Red Sea port of Yanbu and an oil field and airport were attacked by Iran-backed Houthi militants, threatening to escalate hostilities in the Strait of Hormuz. US President Donald Trump claimed the US had "knocked" out Iran, threatening further action.
Despite the tensions, flows through the Strait of Hormuz have increased, putting pressure on global markets.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
