New Delhi, April 18 -- Fuel prices at the retail level in India continue to remain steady. State-owned Oil Marketing Companies (OMCs) have mostly kept rates unchanged in order to cushion consumers from ongoing fluctuations in global markets. Despite significant volatility in international commodity prices, petrol and diesel rates at state-run outlets have not been revised today.

As of 6:00 AM, retail prices of petrol and diesel across major Indian cities remain unchanged.

Oil and European natural gas prices dropped sharply after the planned reopening of the Strait of Hormuz fueled strong optimism that the U.S.-Iran conflict may be nearing an end, potentially reducing disruptions in global energy markets, as reported by Bloomberg.

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