Fuel Prices for May 1: Latest Rates and Updates from Major Indian Cities

Fuel Prices Remain Unchanged in Major Indian Cities on May 1, 2026

Fuel rates across major Indian cities remained unchanged on Friday, with no revision in key auto fuel prices affecting consumers. This continued pause in retail fuel prices comes even as global crude oil prices have surged sharply in recent weeks, touching multi-year highs amid ongoing geopolitical tensions. Despite this, domestic fuel rates have remained steady, indicating a continued effort to shield consumers from international price volatility.

The stability in petrol and diesel prices also comes at a time when inflation remains a key concern, with fuel costs playing a crucial role in transportation and logistics. Holding rates steady offers some relief and helps contain broader price pressures in the economy.

The three major oil marketing companies (OMCs) in India, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL), revise fuel prices daily to align with global crude oil prices and foreign exchange rate movements. However, prices have remained stable in recent sessions.

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In Delhi, petrol continues to be priced at Rs 94.77 per litre, while diesel stands at Rs 87.67 per litre. Prices remain higher in Mumbai, where petrol is retailing at Rs 103.49 per litre and diesel at around Rs 90.03 per litre.

Comparison of Petrol and Diesel Prices in Major Cities

Among major metro cities, petrol prices remain above Rs 100 per litre in most locations, including Mumbai, Bengaluru, Hyderabad and Kolkata, while diesel prices continue to remain below the Rs 100 mark.

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Fuel prices in India are revised daily based on movements in global crude oil prices and changes in foreign exchange rates. Despite volatility in global crude oil markets, petrol and diesel prices in India have remained largely stable over the past few years. Retail fuel prices have seen limited movement since May 2022, when excise duties and state taxes were reduced.

Retail fuel prices are influenced by multiple factors, including global crude oil prices, the rupee–dollar exchange rate, central and state taxes, transportation costs, and demand–supply dynamics. Since India imports a large share of its crude oil, any fluctuation in global prices or currency movements can impact domestic fuel rates.