🔥 Middle East Conflict Causes Oil Prices to Surge 50%, But India's Domestic Oil Prices Remain Stable

1. International Oil Prices: War-Driven Surge

- Middle East tensions escalate as Iran launches missiles at Israel in retaliation.
- Global oil prices skyrocket, with Brent crude breaking through $108/barrel, surging nearly 50% since the conflict began.
- Reason: The Strait of Hormuz is the critical chokepoint for oil transportation, with approximately **20%** of global oil passing through it. Now shipping is disrupted, and everyone fears supply disruptions.

2. India's Oil Prices: Unchanged

- Despite international oil prices skyrocketing, gasoline and diesel prices in major Indian cities (Delhi, Mumbai, Bangalore, Kolkata) remain stable.
- Today's oil prices in Delhi: Gasoline 94.77 rupees/liter, diesel 87.67 rupees/liter.

3. Indian Government's Stance

- Former oil executives state: Securing supply is more important than negotiating prices right now; fuel supply is currently manageable.
- The government is actively promoting piped natural gas (PNG) and encouraging people to use less liquefied gas.

One-sentence summary: War rages abroad and oil prices soar, but India's domestic market is holding firm without raising prices, prioritizing ensuring everyone has fuel.
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