Fuel Prices Steady on March 31: Global Volatility vs. Election Impact in India

• Petrol and diesel prices remained largely unchanged across major Indian cities on March 31.
• Stability persists despite volatility in global crude oil markets and disruptions in shipping routes.
• Fuel rates are under close watch ahead of upcoming state elections, with potential revisions influenced by global trends and domestic considerations.
• Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) revise prices daily, but rates have stayed steady.
• Delhi: Petrol Rs 94.77/litre, Diesel Rs 87.67/litre; Mumbai: Petrol Rs 103.49/litre, Diesel Rs 90.03/litre.