📷 Image: Wikimedia Commons / U.S. Government Accountability Office from Washing
Business
Brent Crude Falls to $114 as Petrol and Diesel Prices Hold Steady
✍️ HDFC Sky
🗓 29 Oct 2026, 04:39 PM
👁 2
Brent crude oil slipped to $114 per barrel on October 29, while Indian petrol and diesel prices remained unchanged.
Brent crude oil prices dipped to $114 per barrel on October 29, according to HDFC Sky. The decline follows a broader trend of falling global oil prices amid easing demand expectations.
Indian fuel prices, however, did not change during the same period. Both petrol and diesel rates remained steady at their current levels, reflecting the government's decision to maintain price stability.
Analysts suggest that the drop in Brent could be attributed to weaker economic data from major oil-consuming regions and increased inventory levels in the U.S. and OPEC+ countries.
Consumers are likely to see no immediate impact on their fuel costs, but the falling Brent price may influence future pricing strategies by state-run oil marketing companies.
Indian fuel prices, however, did not change during the same period. Both petrol and diesel rates remained steady at their current levels, reflecting the government's decision to maintain price stability.
Analysts suggest that the drop in Brent could be attributed to weaker economic data from major oil-consuming regions and increased inventory levels in the U.S. and OPEC+ countries.
Consumers are likely to see no immediate impact on their fuel costs, but the falling Brent price may influence future pricing strategies by state-run oil marketing companies.