Petrol-Diesel Rates: Planning an outing this weekend? Check today's petrol and diesel rates first.

Petrol-Diesel Rates Today (July 12): There has been no change in petrol and diesel prices across the country today, Sunday, July 12. However, oil prices had dropped on Friday; Brent crude slipped to $76.24 per barrel, and WTI crude closed at $72.04 per barrel. This decline in oil prices occurred amidst positive news regarding a potential ceasefire and peace agreement between the US and Iran—despite existing tensions—raising hopes that energy shipments through the Strait of Hormuz would resume. Meanwhile, the US refrained from targeting Iran's key energy infrastructure. Officials also stated that "this conflict will not escalate into a prolonged war," a sentiment that has somewhat alleviated investor fears.

Will petrol and diesel prices drop anytime soon?