Retail fuel prices across major Indian cities remained largely steady on June 10, with only marginal changes in select regions, even as global crude oil markets continued to fluctuate due to geopolitical tensions in the Middle East. Petrol and diesel rates have seen multiple revisions over the past month, reflecting sustained pressure on global energy supply chains.

In Delhi, petrol was priced at ₹102.12 per litre while diesel stood at ₹95.20 per litre, according to daily retail updates from oil marketing companies. The relatively stable pricing in the national capital contrasted with higher rates in several metro cities, highlighting persistent regional variation in fuel taxation and transportation costs.

In other major cities, petrol prices continued to remain elevated, with Mumbai recording ₹112.21 per litre, Kolkata at ₹113.47 per litre, and Chennai at ₹108.01 per litre. Similarly, diesel prices were reported at ₹97.83 per litre in Mumbai, ₹99.82 in Kolkata, and ₹99.66 in Chennai, reflecting the broader upward trend seen over recent weeks.

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The oil sector has been under sustained pressure, with cumulative price increases estimated at around ₹7.5–₹8 per litre since the escalation of the US–Iran conflict. Reports indicate that state-owned oil marketing companies are facing significant financial strain due to elevated global crude costs, which have disrupted pricing stability in the domestic market.

International crude benchmarks also remained volatile, with Brent crude trading around $92 per barrel after recent geopolitical developments, including reported US military actions in the region. Prices had earlier fallen to a seven-week low before rebounding, reflecting market uncertainty tied to developments in the Strait of Hormuz and shifting diplomatic signals.

Analysts note that crude prices have been reacting sharply to alternating signals of escalation and de-escalation in the Middle East, leading to frequent swings in benchmark rates such as Brent and West Texas Intermediate. These fluctuations continue to influence domestic fuel pricing dynamics in India, where retail rates remain closely linked to global oil movements and currency exchange conditions.

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