Petrol and Diesel Prices for April 1: Review of Fuel Rates at the Start of the New Fiscal Year

Petrol and Diesel Prices Remain Unchanged on April 1, 2026

Fuel rates across major Indian cities remained largely unchanged on Tuesday, marking the start of the new financial year with no immediate revisions in petrol and diesel prices. Despite expectations around possible adjustments at the beginning of FY2026–27, retail fuel prices have continued to hold steady.

This comes even as global crude oil markets remain volatile and geopolitical tensions continue to 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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Petrol & Diesel Rates Comparison

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 in these cities.

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.

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The price of crude oil in international markets is the most significant driver of petrol and diesel prices in India, as crude is the primary raw material used to produce petrol and diesel. The rupee–dollar exchange rate also plays an important role because India imports a large portion of its crude oil requirement. A weaker rupee can increase the cost of imported crude, potentially pushing up fuel prices. Taxes imposed by the central and state governments also form a major component of petrol and diesel prices, which is why fuel rates vary from state to state. Transportation costs and demand–supply dynamics also influence the final retail price paid by consumers.