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Oil prices have declined as markets seek a diplomatic solution to the conflict in West Asia. Brent crude is priced between $94.75 and $95.60, while U.S.
A petrol pump attendant picks up a nozzle to refuel a vehicle at an Indian Oil fuel station in Varanasi on March 10, 2026.(AFP)In India’s domestic market, petrol and diesel prices at state-run outlets remain steady today, even as aviation fuel and commercial gas prices continue to reflect earlier volatility.
As of 8:41 AM, retail fuel rates in major cities are unchanged.
| New Delhi | ₹94.77 | ₹87.67 |
| Bengaluru | ₹102.92 | ₹90.99 |
| Mumbai | ₹103.54 | ₹90.03 |
| Kolkata | ₹105.41 | ₹92.02 |
| Chennai | ₹100.85 | ₹92.39 |
| Hyderabad | ₹107.46 | ₹95.70 |
Globally, oil benchmarks have pulled back from recent highs as markets look for a possible diplomatic resolution to the West Asia conflict.
Brent crude is trading between $94.75 and $95.60 per barrel, while U.S. WTI crude is hovering around $90.90 to $91.90. Russia’s Urals crude stands at $117.46 per barrel, down 2.78%.
Overall, Brent prices have dropped about 10% over the past week since the initial ceasefire, though they remain roughly 44% higher compared to a year ago due to earlier price surges.
100% domestic LPG, PNG supply ensured amid West Asia crisis: Govt
The Government of India ensured 100 per cent supply of Piped Natural Gas (PNG) and Liquefied Petroleum Gas (LPG) to domestic consumers by prioritising their requirements amid energy disruptions caused by the ongoing West Asia crisis, ANI reported.
Speaking at an Inter-Ministerial briefing on recent developments in West Asia, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in the Ministry of Petroleum & Natural Gas, stated that the government implemented several effective measures to stabilise the energy landscape and maintain essential services.
"As you know, due to the West Asia crisis, India's energy supplies were also affected. But the Indian government has taken many effective steps, due to which 100% supply has been ensured by prioritising domestic PNG and LPG consumers. Apart from this, CNG transport has also been 100% ensured," Sharma said.
Additionally, City Gas Distribution (CGD) companies were directed to ensure full gas supply to critical industries, while 95% of the natural gas needs of the fertiliser sector were fulfilled.
To curb market malpractices, authorities set up control rooms across all states and union territories. Monitoring teams carried out 2,100 surprise inspections, resulting in penalties for 237 distributors and the suspension of 58 others to prevent hoarding and black marketing.
"Finally, I would like to say to the citizens of the country through you that we have sufficient supplies available. And as required, LPG, petrol and diesel should be used," Sharma stated.
Middle East war: Tankers intercepted
In the first 48 hours of the U.S. naval blockade of Iranian ports, no ships managed to pass through, according to the U.S. military. Nine vessels followed US instructions to turn back toward Iranian ports or nearby coastal areas, Reuters reported.
However, Iran’s Fars News Agency reported that a sanctioned Iranian supertanker was able to cross the strait and head toward Imam Khomeini port despite the blockade, though it did not provide details about the vessel or its journey.
Iran's joint military command warned it would halt trade flows in the Gulf, the Sea of Oman and the Red Sea - which connects to the Suez Canal - if the U.S. blockade continued.
(With inputs from agencies)
About the Author
Mausam Jha
Mausam Jha is a journalist who focuses on world affairs and politics. She provides clear, informative reporting with a good understanding of both global events and their local impact. <br><br> Her clear, accessible reporting on political and international issues makes her a trusted source of news and analysis. <br><br> For the past three years, Mausam has worked with Mint, covering national politics, IR—including elections—and global affairs.<br> Before joining her current role, she gained experience working with The Statesman, ANI, and Financial Express, where she honed her skills in political and international news. <br><br> She has consistently tracked key electoral battles, including US elections, Japan elections, policy debates, and strategic affairs, explaining how global currents, from great power competition to regional conflicts <br><br> Beyond journalism, Mausam has a deep engagement with international relations, diplomacy, war studies, terrorism, political history, and political theory. She is particularly interested in the intersection of statecraft and society on how governance, ideology, and institutions shape lived realities, and how politics shape today's world order. <br><br> An avid reader of classical literature and political thought, she constantly explores the connections between historical ideas and contemporary policy challenges.
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