Petrol and Diesel Prices Hold Steady on Sep 15 Amid $108 Crude Oil Spike

Global oil markets have felt the impact of recent Houthi attacks on Saudi Arabia’s oil facilities, pushing Brent crude above the $108 per barrel mark. The escalation has sent ripples through economies dependent on imported energy, prompting Indian oil marketing companies to adopt a watchful stance.

Despite the sharp 3 % rise in crude prices on Monday, the latest notification from state‑run oil marketers shows that retail petrol and diesel rates across major Indian cities remain unchanged on September 15. Consumers in Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Lucknow, Noida and other metros can expect the same pump prices that were in effect earlier this week.

Industry analysts say the unchanged rates reflect a combination of existing price buffers, government subsidies and the lag between crude price movements and retail adjustments. While the West Asian turmoil continues to put upward pressure on global oil, the Indian market appears insulated for now, though any sustained climb in crude could trigger a revision in the upcoming price review cycle.

The current scenario underscores the delicate balance that Indian oil marketers must maintain – safeguarding consumer interests while monitoring volatile international markets.