Petrol Prices Surpass Rs 100 in Majority of Major Metropolises
Fuel Price Update: March 7, 2026
Retail Fuel Prices Remain Unchanged in Major Indian Cities
Fuel prices in India have remained steady on March 7, 2026, with no change in retail rates across major metropolitan cities. This includes Delhi, where petrol is priced at Rs 94.77 per liter and diesel at Rs 87.67 per liter.
City-wise Fuel Prices
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| City | Petrol (Rs/L) | Diesel (Rs/L) |
|---|---|---|
| Delhi | 94.77 | 87.67 |
| Mumbai | 103.49 | 90.03 |
| Bengaluru | 104.21 | 89.55 |
| Hyderabad | 103.85 | 90.15 |
| Kolkata | 103.31 | 89.85 |
Fuel Pricing Dynamics
Fuel prices in India are revised daily by Oil Marketing Companies (OMCs), including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL), based on movements in global crude oil prices and changes in foreign exchange rates.
Factors Influencing Fuel Prices
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Fuel prices are influenced by several factors, including:
- Global crude oil prices: Crude oil is 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: Taxes imposed by the central and state governments are another major component of petrol and diesel prices.
- Transportation costs and demand–supply dynamics can also influence the final retail price of fuel.
Investor Takeaway
Fuel prices in India are revised daily and may fluctuate based on market movements.
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