Petrol, Diesel Prices Stable; Brent Near $105

Petrol and diesel prices remained unchanged across major Indian cities on Friday, continuing a long spell of stability at the pump.
In Delhi, petrol costs Rs 102.12 a litre and diesel Rs 95.20. In Mumbai, petrol is priced at Rs 111.21 and diesel at Rs 97.83 a litre. Rates have barely moved for months as oil marketing companies absorb fluctuations in global crude.
Brent crude was trading near $105.62 a barrel, elevated by geopolitical tensions and tight supply. India imports over 85 per cent of its crude, so sustained high prices widen the import bill and pressure the rupee.
Fuel prices feed directly into transport and food costs, making them politically sensitive. With state elections and the festive season approaching, any pump-price hike would be closely watched. For now, the government and oil companies appear to be holding the line despite costlier crude Retailers say demand has stayed steady through the festive season.
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