Domestic Petrol and Diesel Prices Remain Stable in India

As of March 18, 2026, fuel rates across major Indian cities have remained largely unchanged, continuing the recent trend of stability in domestic petrol and diesel prices despite ongoing fluctuations in global crude oil markets.

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 reflect movements in international crude oil benchmarks and currency exchange rates. However, recent volatility in global oil markets has not yet led to any immediate revisions in retail fuel prices.

Key Fuel Price Data (as of March 18, 2026)

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• Delhi:
  • Petrol: Rs 94.77 per litre
  • Diesel: Rs 87.67 per litre
• Mumbai:
  • Petrol: Rs 103.49 per litre
  • Diesel: Rs 90.03 per litre

Factors Influencing Petrol and Diesel Prices in India

Retail fuel prices in India are influenced by several factors, including:

• Global Crude Oil Prices: The primary raw material used to produce petrol and diesel.
• Rupee-Dollar Exchange Rate: A weaker rupee can increase the cost of imported crude, potentially pushing up fuel prices.
• Taxes: Imposed by the central and state governments, which form a major component of petrol and diesel prices.
• Transportation Costs: Influence the final retail price paid by consumers.
• Demand-Supply Dynamics: Also impact the final retail price paid by consumers.

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