Petrol and Diesel Prices Unchanged in India Amid Ongoing Crude Price Volatility

Fuel Price Update for March 26, 2026

Retail Fuel Prices Remain Unchanged Across Major Indian Cities

Despite ongoing geopolitical tensions and fluctuations in global crude oil markets, retail fuel prices in India have remained largely unchanged on March 26, 2026. 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 international crude oil prices and currency exchange rate movements.

Current Fuel Prices

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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
• Other major metro cities: Petrol prices remain above Rs 100 per litre, while diesel prices continue to remain below the Rs 100 mark.

Factors Affecting 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 central and state governments: Fuel rates vary from state to state
• Transportation costs: Influence the final retail price paid by consumers
• Demand–supply dynamics: Also play a role in determining fuel prices

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Historical Context

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.