Petrol, Diesel Prices Remain Steady Amid Global Crude Market Tensions

Fuel Prices Remain Unchanged Across Major Indian Cities Despite Global Volatility

April 12, 2026

Fuel rates across major Indian cities remained unchanged on Sunday, even as global crude oil markets remain on edge amid ongoing tensions in West Asia and disruptions along key shipping routes. Despite continued volatility in international oil prices, there has been no immediate impact on domestic retail fuel rates, which have stayed stable 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 reflect changes in global crude oil prices and currency exchange rate movements. However, prices have remained steady in recent sessions.

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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.

Petrol and Diesel Price 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.

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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 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.