Global Oil Tensions Fuel Concerns Over Rising Petrol and Diesel Prices in Major Cities

Fuel Prices in India Remain Unchanged on March 13, 2026

Petrol and diesel prices in India remained steady on March 13, 2026, despite ongoing volatility in global crude oil markets due to rising geopolitical tensions in the Middle East.

Oil Marketing Companies (OMCs), including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL), have maintained retail fuel prices unchanged across major Indian cities. The stability in domestic fuel rates comes as global oil markets react to supply concerns and geopolitical developments, although these movements have not yet affected retail prices in India.

Current Fuel Prices

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• Delhi: Petrol is priced at Rs 94.77 per litre, while diesel stands at Rs 87.67 per litre.
• Mumbai: Petrol is retailing at Rs 103.49 per litre, and diesel at Rs 90.03 per litre.

Fuel prices in India are revised daily based on movements in global crude oil prices and changes in foreign exchange rates. In 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 in these cities.

Factors Affecting Petrol and Diesel Prices in India

Retail fuel prices in the country are influenced by several key factors, including:

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• Crude oil prices in international markets, as crude is the primary raw material used to produce petrol and diesel.
• Rupee-dollar exchange rate, as a weaker rupee increases the cost of imported crude, impacting domestic fuel prices.
• Taxes imposed by the central and state governments, which form a major part of fuel prices and vary across regions due to state-level VAT.
• Transportation costs and demand-supply dynamics, which also influence the final retail price paid by consumers.