Petrol Diesel Price Today remains unchanged across major urban centres on Saturday, September 12. In Mumbai, petrol is priced at ₹111.21 per litre, the same as the previous day, while diesel stands at ₹97.83. Fuel prices have shown only minor movement over the past ten days, with rates remaining within a relatively narrow range.

Petrol Diesel Price Today: Fuel Rates Remain Unchanged on September 12

Petrol Diesel Price Today remains unchanged across major urban centres on Saturday, September 12. In Mumbai, petrol is priced at ₹111.21 per litre, the same as the previous day, while diesel stands at ₹97.83. Fuel prices have shown only minor movement over the past ten days, with rates remaining within a relatively narrow range.

Petrol Diesel Price Today: City-Wise Rates

Fuel prices vary from one city to another because petrol and diesel rates include different state and local taxes and levies. The latest rates provided for major cities are listed below.

Fuel Prices Show Limited Movement

Although international oil markets have experienced significant volatility, retail fuel prices in the listed Indian cities have remained relatively stable. Over the past ten days, the provided data shows pan-India rates moving within a narrow range of ₹111.18 to ₹111.31.

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The difference in retail prices between cities is largely linked to the varying taxes and levies applied at the state and local levels. This means consumers in different parts of the country can pay noticeably different amounts for the same fuel.

Global Oil Markets Face Geopolitical Pressure

International oil markets have been under pressure from the ongoing conflict involving Iran. Brent crude had climbed to its highest level since May before falling 2.8% to settle at $104.61 per barrel, after moving toward $110 overnight, according to the Bloomberg report cited in the source material.

The International Energy Agency has warned that disruptions to global oil supplies could reduce consumption. The source material says the year is expected to see the largest contraction in global oil demand since the Covid-19 pandemic because of higher fuel costs and tighter supply.

The conflict involving Iran and the US has also raised concerns about the normalisation of energy flows in the Middle East. Houthi rebels have opened another potential pressure point by threatening vessels calling at Saudi Red Sea ports.

Saudi Arabia Shuts East-West Oil Pipeline

Supply concerns increased after Saudi Arabia temporarily shut its East-West oil pipeline following aerial attacks. The 1,200-kilometre pipeline was closed as a precautionary measure after drone attacks that Baghdad and Riyadh indicated had originated in Iraq, where Iranian-backed militias operate.

The pipeline had been transporting between 4 million and 5 million barrels of oil per day. It also provided Saudi Arabia with an alternative route for moving crude and helped bypass shipping disruptions around the Strait of Hormuz.

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Oil Prices Remain Elevated

According to the provided source material, Brent crude is up more than 70% this year. However, it remains below its wartime peak of slightly above $126 per barrel reached in April.

The impact of the geopolitical situation has extended beyond crude oil. European natural gas prices and global tanker freight rates have also increased, while refined products such as diesel have recorded even sharper gains amid pressure from both the Middle East conflict and the Russia-Ukraine war.

For Indian consumers, the latest retail figures show that petrol and diesel prices in the listed cities have remained unchanged for September 12. Mumbai petrol is at ₹111.21 per litre, while New Delhi petrol is priced at ₹102.12. Among the listed cities, Hyderabad has the highest petrol price at ₹116.15 per litre.

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