Petrol, Diesel Prices on May 8: Latest Fuel Rate Updates in Delhi, Mumbai, Kolkata, and Chennai

Fuel Prices in India Remain Unchanged on May 8, 2026

Fuel rates across major Indian cities remained unchanged on Friday, extending the ongoing phase of stability in petrol and diesel prices. Retail fuel prices have continued to hold steady despite fluctuations in global crude oil markets and currency movements. This stability is a result of no immediate revisions in petrol and diesel rates across key cities.

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.

Petrol prices in Delhi continue 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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Comparison of Petrol Prices in Major Metro 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 excise duties and state taxes were reduced.

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.

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