Fuel Prices on April 1: Updates on Diesel and Petrol Rates Across Indian Cities at Start of New Financial Year
Petrol and Diesel Prices Remain Unchanged in India on April 1, 2026
As the new financial year begins, petrol and diesel prices in India have remained largely unchanged, marking a steady start to FY2026–27. Despite expectations of possible adjustments, retail fuel prices have continued to hold steady, even as global crude oil markets remain volatile and geopolitical tensions influence international energy prices.
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 movements and currency exchange rate fluctuations. However, no changes have been implemented in retail fuel rates so far.
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.
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The following table compares petrol and diesel prices in major metro cities:
| City | Petrol Price (per litre) | Diesel Price (per litre) |
|---|---|---|
| Delhi | Rs 94.77 | Rs 87.67 |
| Mumbai | Rs 103.49 | Rs 90.03 |
| Bengaluru | Rs 104.19 | Rs 90.19 |
| Hyderabad | Rs 103.59 | Rs 90.29 |
| Kolkata | Rs 103.99 | Rs 90.49 |
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 the central government and several states reduced excise duties and value-added taxes on fuel.
Retail fuel prices in the country are influenced by several factors, including the price of crude oil in international markets, the rupee–dollar exchange rate, taxes imposed by the central and state governments, transportation costs, and demand–supply dynamics. The rupee–dollar exchange rate plays a significant role because India imports a large portion of its crude oil requirement, and a weaker rupee can increase the cost of imported crude, potentially pushing up fuel prices.
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