Petrol, diesel prices may rise ₹20 per litre in 3–6 months if crude stays above $100, says Emkay; lists stocks at risk
Crude oil prices surged on Monday as stalled US-Iran peace negotiations signalled potential disruptions to Middle East energy exports. With a comprehensive agreement remaining elusive and repeated false starts, the continued closure of the Strait of Hormuz has intensified supply concerns.
Brent crude rose 2.63% to $108.10 per barrel, while US West Texas Intermediate (WTI) crude futures advanced 2.44% to $96.70. Elevated energy prices continue to pose a significant challenge to India’s macroeconomic stability.
