Diesel and Petrol Fresh Prices Announced (Image: Internet)
New Delhi: Petrol and diesel prices across India remained unchanged on April 9, 2026, even as global oil markets continue to face sharp ups and downs due to rising geopolitical tensions in West Asia. However, the US President Donald Trump announcing a ceasefire with Iran and the reopening of the Strait of Hormuz, in the upcoming days the fuel prices may fluctuate in the coming days.
Even though international crude oil prices are fluctuating but Indian authorities have indicated that fuel prices will remain stable in the near future. Oil companies are absorbing part of the cost increases to prevent sudden price hikes, which could impact inflation and household budgets. The ongoing tensions involving Iran, Israel, and the United States have created uncertainty in global oil supply especially around the Strait of Hormuz a key route for nearly 20% of the world’s oil shipments.
quick look at fuel prices across key cities:
. New Delhi: Petrol ₹94.72 | Diesel ₹87.62
. Mumbai: Petrol ₹104.21 | Diesel ₹92.15
. Kolkata: Petrol ₹103.94 | Diesel ₹90.76
. Chennai: Petrol ₹100.75 | Diesel ₹92.34
. Bengaluru: Petrol ₹102.92 | Diesel ₹89.02
. Hyderabad: Petrol ₹107.46 | Diesel ₹95.70
Prices vary across cities due to differences in local taxes and transportation costs.
Even though petrol and diesel prices have largely remained unchanged since May 2022, they still vary from city to city. This is mainly because of:
. Different state taxes (VAT)
. Transportation and distribution costs
. Local government policies
Taxes form a significant portion of the final price consumers pay at the pump.
While regular fuel prices are stable, premium fuels have become more expensive. IndianOil increased the price of its high-performance XP100 petrol by ₹11 per litre, taking it to ₹160. This fuel is mostly used in luxury vehicles and superbikes for better performance. The premium diesel variant “Xtra Green” has also seen a price hike.
Private fuel retailers have already started increasing prices. Shell India raised petrol and diesel prices on April 1, following a similar move by Nayara Energy.
For example, in Bengaluru:
. Petrol prices increased by ₹7.41 per litre
. Diesel prices jumped sharply by ₹25.01 per litre
These increases reflect rising global crude oil costs and pressure on company margins.
The big question is whether everyday petrol and diesel prices will increase soon. For now, companies like BPCL, HPCL, and IOCL are avoiding hikes to keep inflation under control. However, if global crude prices remain high and the Indian rupee weakens further, these companies may eventually be forced to pass on the costs to consumers.
Several key factors influence petrol and diesel prices:
. Crude oil prices: The most important factor, as crude oil is the base raw material
. Exchange rate: A weaker rupee makes imports more expensive
. Taxes: Central and state taxes significantly increase retail prices
. Refining costs: Expenses involved in processing crude oil
. Demand and supply: Market conditions also play a role
