•Brent crude oil prices fell below $90 per barrel (to $88-89) on March 10, 2026, a 25% drop from its March 9 high.
•The decline is attributed to easing market supply concerns, G7 nations discussing emergency oil reserves, and diplomatic efforts including a Putin-Trump call.
•Despite global fluctuations, petrol and diesel prices in India remain stable due to central and state government tax cuts implemented since May 2022.
•Major city prices: Delhi ₹94.72/₹87.62, Mumbai ₹104.21/₹92.15, Chennai ₹100.75/₹92.34, Kolkata ₹103.94/₹90.76.
•US West Texas Intermediate (WTI) crude also dropped by about 10% to $85.25 per barrel.
