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Brent swings $102–$108 on US-Iran tensions, fuel prices stable in India

HDFC SkyRead the original3 Oct 2026

Brent swings $102–$108 on US-Iran standoff as petrol holds at ₹102.12 and diesel at ₹95.20 across India. Global crude prices remain volatile due to escalating geopolitical tensions in West Asia. Stable domestic fuel prices may support inflation outlook but weigh on OMC margins. Refiners and transport firms may see cost pressures if spike sustains.
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