Fuel Prices on May 11: Latest Updates on Petrol, Diesel Rates in Major Cities

Fuel Prices in India Remain Unchanged Amid West Asia Crisis

Fuel rates across major Indian cities remained unchanged on May 11, 2026, as concerns around energy security and fuel consumption continue to dominate the conversation amidst the ongoing West Asia crisis. Despite volatility in international crude oil markets, there have been no immediate revisions in domestic fuel prices so far.

Prime Minister Narendra Modi's Call for Restraint

Prime Minister Narendra Modi has urged citizens to use petrol and diesel with "great restraint" amid global uncertainties linked to the conflict in West Asia. The continued pause in retail fuel prices comes at a time when the nation is closely monitoring the situation.

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Domestic Fuel Price Revision Process

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.

Fuel Prices in Major Cities

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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Petrol Prices in Major Metro 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.

Factors Influencing Fuel Prices in India

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