Oil slides to pre-war lows but fuel bills stay high | TheBriefWire
Oil slides to pre-war lows but fuel bills stay high
Published 25 June 2026 ยท finance
Synopsis Global crude oil prices have fallen to their lowest levels since before the Iran conflict, with Brent slipping to around USD 72โ73 per barrel
Synopsis Global crude oil prices have fallen to their lowest levels since before the Iran conflict, with Brent slipping to around USD 72โ73 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.
Published: June 25, 2026 โข 6:22 PM IST ยท Updated: June 25, 2026 โข 10:08 PM ISTBy TheBriefWire Editorial Team
Key points
Synopsis Global crude oil prices have fallen to their lowest levels since before the Iran conflict, with Brent slipping to around USD 72โ73 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.