Petrol, Diesel Prices Remain Unchanged as Crude Oil Holds Above $100 on March 11

India Fuel Prices Unchanged Amid Global Volatility

As global crude oil markets continue to experience volatility due to escalating geopolitical tensions in West Asia, petrol and diesel prices in India have remained unchanged on March 11, 2026.

Retail Fuel Rates Steady Across Major Cities

Despite the recent surge in international benchmark Brent crude past the $100-per-barrel mark, retail fuel rates in India have not changed. In Delhi, petrol is priced at Rs 94.77 per litre, while diesel stands at Rs 87.67 per litre. In Mumbai, petrol is retailing at Rs 103.49 per litre, and diesel at Rs 90.03 per litre.

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Fuel Pricing Dynamics in India

Fuel prices in India are revised daily by Oil Marketing Companies (OMCs), which include Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL). The prices are influenced by multiple factors, including the price of crude oil in international markets, the rupee-dollar exchange rate, taxes imposed by the central and state governments, transportation costs, and demand-supply dynamics.

Limited Movement in Fuel Prices Since 2022

Retail fuel prices in India have seen limited movement since May 2022, when the central government and several states reduced excise duties and value-added taxes on fuel. However, global developments continue to be closely watched, as they can eventually influence domestic fuel rates. Recent volatility in crude oil prices has been linked to geopolitical tensions in West Asia, including concerns around supply disruptions through the Strait of Hormuz, a key global oil transit route.

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