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Business
Petrol and Diesel Prices Hold Steady on Nov 2 as Crude Oil Slides to $110 per Barrel
✍️ HDFC Sky
🗓 02 Nov 2026, 11:02 AM
👁 17
India’s retail petrol and diesel rates remained unchanged on Thursday, while global crude oil prices fell to $110 a barrel amid ongoing market talks.
On November 2, retail prices for petrol and diesel across India showed no change, according to the latest data released by HDFC Sky. The steadiness comes after a period of fluctuating fuel rates that have impacted commuters and transport operators nationwide.
Meanwhile, the benchmark price of crude oil on international markets slipped to $110 per barrel. The decline was observed as market participants engaged in talks over supply adjustments, with analysts pointing to ongoing OPEC+ discussions as a key factor influencing the price movement.
The drop in crude prices is expected to ease pressure on India’s fuel pricing, although the government has not indicated any immediate revision to the retail rates. Traders and industry observers will monitor further developments in the talks before forecasting any potential adjustments to the petrol and diesel tariffs.
Meanwhile, the benchmark price of crude oil on international markets slipped to $110 per barrel. The decline was observed as market participants engaged in talks over supply adjustments, with analysts pointing to ongoing OPEC+ discussions as a key factor influencing the price movement.
The drop in crude prices is expected to ease pressure on India’s fuel pricing, although the government has not indicated any immediate revision to the retail rates. Traders and industry observers will monitor further developments in the talks before forecasting any potential adjustments to the petrol and diesel tariffs.