Fuel Prices on 12 March 2026
On 12 March 2026, the price of Brent crude oil increased to approximately $98.84 per barrel. In Delhi, petrol prices remained stable at ₹94.77 per litre, while diesel was priced at ₹87.67 per litre. The price of CNG in the capital also held steady at ₹77.09 per kg.
Domestic LPG prices saw a notable increase earlier in the month, rising by ₹60 to reach ₹913.00 per cylinder on 7 March 2026. This surge in LPG prices is part of a broader trend influenced by ongoing geopolitical tensions and supply chain disruptions.
Gold and Silver Prices
On the same day, gold prices in India reached significant levels, with 24-carat gold priced at ₹1,61,940 per 10 grams and 22-carat gold at ₹1,48,445 per 10 grams. Silver was also priced at ₹2,67,510 per kg.
Gold prices have surged more than 75% over the past year, reflecting a growing demand amid economic uncertainties. Historically, gold has delivered a compounded annual return of 15.6% over the past 20 years, making it a favored investment during turbulent times.
The International Energy Agency (IEA) member countries agreed on 11 March to release 400 million barrels of oil from emergency reserves to stabilize the market. This decision comes as global observed inventories of crude and products are assessed at more than 8.2 billion barrels.
The global oil market is experiencing disruptions due to the war in the Middle East, affecting crude production and exports. Observers are closely monitoring these developments as they could further impact fuel and commodity prices in the coming weeks.
Details remain unconfirmed regarding the long-term implications of these price changes, as market analysts continue to assess the situation.
