Fuel Prices on 12 March 2026
On 12 March 2026, the price of Brent crude oil reached approximately $98.84 per barrel, marking a notable increase amid ongoing global market disruptions. In Delhi, petrol prices remained steady at ₹94.77 per litre, while diesel prices held at ₹87.67 per litre. The price of CNG in the capital also remained unchanged at ₹77.09 per kg.
Domestic LPG prices saw a significant increase earlier in the month, rising by ₹60 to reach ₹913.00 per cylinder on 7 March 2026. This surge in fuel prices is attributed to various factors, including geopolitical tensions affecting crude oil production and exports.
Gold and Silver Prices
In the precious metals market, 24-carat gold was priced at ₹1,61,940 per 10 grams on 12 March 2026, while 22-carat gold was available for ₹1,48,445 per 10 grams. Silver prices also saw a rise, reaching ₹2,67,510 per kg.
Gold prices have surged more than 75% over the past year, reflecting a growing trend as investors seek safe-haven assets amid economic uncertainty. Historically, gold has delivered a compounded annual return of 15.6% over the past 20 years, further solidifying its status as a preferred investment.
On 11 March, member countries of the International Energy Agency (IEA) agreed to release 400 million barrels of oil from emergency reserves to stabilize the market. Current global inventories of crude and products are assessed at more than 8.2 billion barrels, indicating a significant supply level despite ongoing disruptions.
The global oil market continues to experience volatility, primarily due to the war in the Middle East, which has impacted crude production and exports. Observers are closely monitoring these developments, as they could further influence fuel and gold prices in the coming weeks.
Details remain unconfirmed regarding the long-term implications of these price changes and the effectiveness of the IEA’s emergency measures.
