🔥Middle East Conflict Causes Oil Prices to Surge 50%, Yet India's Domestic Oil Prices Remain Steady as a Rock

1. International Oil Prices: Conflict Triggers Dramatic Spike

- Middle East tensions escalate as Iran fires missiles at Israel in retaliation.
- Global oil prices skyrocket, with Brent crude breaking through $108 per barrel, surging nearly 50% since the conflict began.
- Reason: The Strait of Hormuz is the bottleneck for petroleum transportation, with approximately **20%** of global oil passing through it. Now shipping is obstructed and everyone fears supply disruptions.

2. India's Oil Prices: Unmoved

- Despite international oil prices soaring, gasoline and diesel prices in major Indian cities (Delhi, Mumbai, Bangalore, Kolkata) remain unchanged.
- Delhi's oil prices today: Petrol 94.77 rupees/liter, Diesel 87.67 rupees/liter.

3. India's Official Stance

- Former oil executives state: Ensuring supply is more important than negotiating prices right now; fuel supply is currently controllable.
- The government is actively promoting Piped Natural Gas (PNG) and encouraging people to use less liquefied gas.

One sentence summary: While fighting rages abroad and oil prices soar globally, India's domestic market is holding pressure for now without raising prices, prioritizing ensuring everyone has fuel to use.
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