PETROL AND DIESEL PRICES TODAY , OCTOBER 16 : HOW MUCH DOES FUEL COST IN DELHI , MUMBAI , BENGALURU

What happened: State-run oil companies kept petrol and diesel prices unchanged on October 16 despite the US-Iran war pushing up global crude and fuel costs. CNG prices rose in eight locations. Key numbers: Mumbai petrol ₹111.21/litre, diesel ₹97.83. Delhi petrol ₹102.12, diesel ₹95.20. Bengaluru petrol ₹111.68, diesel ₹99.56. Chennai, Mathura and Meerut saw CNG rise ₹2 each. Why it matters: The IEA agreed to release over 20 million barrels of diesel, but Haitong Futures said investors were dissatisfied with these measures and that easing Middle East tensions would really cool the oil market.

State-run oil companies kept petrol and diesel prices unchanged on October 16 despite the US-Iran war pushing up global crude and fuel costs. CNG prices rose in eight locations.

The IEA agreed to release over 20 million barrels of diesel, but Haitong Futures said investors were dissatisfied with these measures and that easing Middle East tensions would really cool the oil market.