Key facts
- Petrol and diesel prices were unchanged on June 13 in major Indian cities.
- Fuel prices have cumulatively increased by nearly ₹7.50 per litre since mid-May.
- Global crude oil prices saw a five percent decline on Friday.
- Brent crude fell to $85.86 per barrel, and WTI crude dropped to $83.32 per barrel.
- The Strait of Hormuz remains a point of concern for global energy supply routes.
Fuel prices in India remained steady on June 13, offering consumers a brief respite after cumulative price increases of nearly ₹7.50 per litre since mid-May, which brought rates to over two-year highs. Oil marketing companies (OMCs) have kept retail fuel rates unchanged despite ongoing volatility in the global crude oil market and geopolitical concerns affecting energy supply routes, particularly around the Strait of Hormuz.