Crude Oil Prices Stabilize Near $90 Per Barrel, Keeping Indian Fuel Costs Unchanged

International oil markets have shown relative calm this week as Brent crude settled between **USD 90 and USD 91 per barrel**. After a sharp rally in May, the benchmark price has paused, reducing the pressure on downstream pricing.

India’s oil marketing companies, which import the bulk of the nation’s crude, have used the lull to keep retail fuel rates steady. While the global price remains higher than pre‑pandemic levels, the absence of a sudden surge has allowed them to avoid a pass‑through to consumers at the pump.

Market watchers note that any escalation in tensions—particularly around the Strait of Hormuz—could quickly reverse this stability and reignite upward pressure on Indian petrol and diesel tariffs.