12 march: Fuel and Gold Prices on 2026
Fuel Prices on 12 March 2026
On 12 March 2026, the price of Brent crude oil rose to approximately $98.84 per barrel, reflecting ongoing volatility in the global oil market. In Delhi, petrol prices remained stable at ₹94.77 per litre, while diesel prices also held steady at ₹87.67 per litre. The price of CNG in the capital was recorded 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 as of 7 March 2026. This adjustment comes amid broader market pressures and supply chain disruptions.
Gold and Silver Prices
On the same day, gold prices in India reflected a significant upward trend, with 24-carat gold priced at ₹1,61,940 per 10 grams and 22-carat gold at ₹1,48,445 per 10 grams. The silver price was reported at ₹2,67,510 per kg.
Gold prices have surged more than 75% over the past year, demonstrating its appeal as a safe-haven asset amid economic uncertainty. Historically, gold has delivered a compounded annual return of 15.6% over the past 20 years, further solidifying its status in investment portfolios.
The fluctuations in fuel and gold prices are occurring against the backdrop of significant geopolitical tensions, particularly the ongoing war in the Middle East, which has disrupted crude production and exports. Additionally, on 11 March, IEA member countries 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 complex interplay between supply and demand factors.
As the situation evolves, observers are closely monitoring how these price trends will impact the Indian economy and consumer behavior in the coming weeks. Details remain unconfirmed regarding future adjustments in pricing or further market interventions.
