Petrol, Diesel Prices Largely Unchanged On April 22 As Brent Crude Stays Above $90

Petrol and diesel prices across key Indian cities remained mostly unchanged on April 22, with only marginal revisions in select locations, despite global crude oil prices rising above $90 per barrel, according to ANI and data from state-run oil marketing companies.

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Fuel Prices In Major Cities

Outside these cities, the price of petrol in Gurgaon was ₹95.48 per litre, falling by ₹0.17, while the price of diesel was ₹87.94 per litre, falling by ₹0.16. In Noida, there were no changes, with petrol costing ₹95.05 per litre and diesel ₹88.19 per litre.

In eastern and northern regions, petrol in Bhubaneswar was ₹101.11 per litre, without any change, and diesel was ₹92.69 per litre, also with no change. Similarly, in Chandigarh, there was no change in petrol prices at ₹94.30 per litre and diesel prices at ₹82.45 per litre.

Cities where prices have increased include Jaipur, with an increase of ₹0.22 for petrol at ₹104.94 per litre and ₹0.20 for diesel at ₹90.41 per litre. Lucknow had a slight increase in diesel prices of ₹0.03 at ₹87.86 per litre, while diesel prices in Patna were ₹91.49 per litre without any changes.

In the southern region, Thiruvananthapuram had diesel prices of ₹96.48 per litre, increasing by ₹0.27, indicating one of the sharpest daily increases among tracked cities.

Global Crude Prices Remain Elevated

Brent crude prices climbed above $90 per barrel amid uncertainty surrounding a possible second round of talks between the U.S. and Iran, according to ANI. Ambiguity in geopolitical situations in West Asia has been one of the reasons for the instability in the oil markets.

The Strait of Hormuz remains an important focal point in global energy sectors, with the region accounting for almost 20% of the world’s petroleum transportation activities. Events taking place in the region have the potential to affect the benchmark prices of crude oil.

The recent trend in crude oil prices can be attributed to the increasing geopolitical risks that have come about due to issues related to supply lines and diplomacy.

In spite of high crude oil prices all over the world, the prices of fuel at retail levels in India remained stable on April 22.