Oil slides to pre-war lows but fuel bills stay high
Synopsis Global crude oil prices have fallen to their lowest levels since before the Iran conflict, with Brent slipping to around USD 72–73 per barrel
Synopsis Global crude oil prices have fallen to their lowest levels since before the Iran conflict, with Brent slipping to around USD 72–73 per barrel and US crude below USD 70, effectively reversing the earlier geopolitical risk premium. Despite the global correction, petrol and diesel prices in India have not yet been reduced, as state-run fuel retailers continue to adjust pump prices based on average crude trends rather than daily movements.
The BriefWire