Fuel Prices Hold Steady as Iran Claims Missile Attack on US Warships
Iran's IRGC claims missile fire at US ships near Hormuz; domestic fuel prices in major Indian cities stay flat on September 6.
Domestic petrol and diesel prices remained unchanged on Saturday, September 6, even as geopolitical tensions in the Strait of Hormuz escalated. The Aerospace Force of Iran's Islamic Revolutionary Guard Corps (IRGC) claimed it had launched several ballistic missiles at two US warships in the region.
The development has renewed concerns about potential disruptions to oil supply routes through the strategic waterway, which handles a significant share of global crude shipments. However, Indian fuel retailers have not yet adjusted pump prices in response to the latest flare-up.
In the national capital, petrol continued to be sold at its previous rate, while diesel prices also held steady. Similar stability was observed in Mumbai and Bengaluru, where consumers saw no change in the cost of auto fuels compared to the preceding day.
Market watchers are closely monitoring the situation in the Gulf, as any sustained escalation could influence global crude benchmarks and, consequently, domestic fuel pricing in the coming days. For now, the impact on Indian fuel consumers remains limited to the broader geopolitical risk premium being watched by energy markets.