On 12 March 2026, Brent crude oil prices rose to $98.84 per barrel, while gold prices surged significantly in India.
Fuel Prices on 12 March 2026
On 12 March 2026, Brent crude oil prices increased to approximately $98.84 per barrel, reflecting ongoing tensions in the global oil market. In Delhi, petrol and diesel prices remained stable at ₹94.77 and ₹87.67 per litre, respectively. 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 comes amid broader market disruptions linked to geopolitical events.
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 at ₹1,48,445 per 10 grams. Silver prices also saw a significant figure, standing at ₹2,67,510 per kg.
Gold prices have surged more than 75% over the past year, a trend that underscores the metal’s appeal as a safe-haven asset amid economic uncertainties. Historically, gold has delivered a compounded annual return of 15.6% over the past two decades, reinforcing its status as a reliable 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. This decision comes as global observed inventories of crude and products are assessed at more than 8.2 billion barrels, indicating a complex landscape for oil supply and demand.
The global oil market is experiencing disruptions due to the war in the Middle East, affecting crude production and exports. As these dynamics evolve, market observers are closely monitoring fuel and gold prices for further developments.
