US-Iran peace deal: How falling crude oil prices likely to impact petrol, diesel prices?

Brent crude fell about 8% on the week to around $80.38 per barrel after a US-Iran interim agreement eased geopolitical tensions and raised prospects of reopened Strait of Hormuz flows. Despite the positive respite for oil marketing companies (OMCs), analysts at PL Capital and SS WealthStreet flagged Q1FY27 profitability pressures, excise duty rollback overhang of Rs10 per litre, and ongoing under-recoveries of around Rs3 per litre on petrol. Retail petrol in Delhi remains at Rs102.12 per litre and diesel at Rs95.20 per litre, with no immediate reduction likely as OMCs first focus on rebuilding marketing margins.