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Brent Crude Dips to $102 as Iran Signals Diplomacy; Fuel Prices Steady in India
M
Moneycontrol•24-09-2026, 10:51
Brent Crude Dips to $102 as Iran Signals Diplomacy; Fuel Prices Steady in India
- •Brent crude eased 0.9% to $102.13 a barrel, while WTI slipped 0.7% to $91.56, following Iran's signal of openness to diplomacy.
- •Petrol and diesel prices across major Indian cities remained largely unchanged today, September 24.
- •CNG cylinder rates are also steady in most cities, though Mumbai and Meerut saw increases of ’2.00, and Chennai by ’0.50.
- •CNG prices are tied to domestic and international natural gas benchmarks, not crude oil, but have still been affected by global conflicts.
- •Delhi's CNG rate was hiked by nearly ’4 per kg in late August due to spiking international LNG prices amid renewed West Asia conflict.
Key Questions Answered
Brent crude eased 0.9% to $102.13 a barrel after a senior Iranian official indicated to Reuters that diplomacy must continue, helping pull back prices following earlier sharp gains.
CNG is priced based on domestic and international natural gas benchmarks rather than being directly tied to crude oil like petrol and diesel.
Delhi's CNG rate was hiked by nearly Rs 4 per kg in late August after international LNG prices spiked due to renewed conflict in West Asia.
