On May 10, petrol prices in Mumbai remain at ₹103.54 per litre, unchanged from the previous day. This stability follows a period of minor fluctuations within a narrow range. Analysts attribute the persistent high prices to escalating geopolitical tensions in West Asia, which threaten global energy supplies. Factors influencing Indian fuel prices include international crude oil benchmarks, the rupee-dollar exchange rate, and domestic taxation policies. Despite recent price stability, Indian petrol rates are notably higher than those in neighboring countries due to elevated excise duties. Concerns over energy security have intensified after Saudi Aramco's CEO indicated that the global market has lost nearly one billion barrels of oil recently. Additionally, regional tensions, particularly in the Strait of Hormuz, have raised fears of further disruptions to oil supply chains. Prolonged instability could lead to increased transportation and manufacturing costs in India, contributing to inflationary pressures across essential commodities and services.