Fuel prices remain unchanged (Internet)
New Delhi: Petrol and diesel prices across India remained unchanged on April 7, 2026, even as global crude oil markets continue to see sharp ups and downs. Oil marketing companies (OMCs) update fuel prices daily at 6 AM, but for now, the consumers are not seeing any change at the pump.
Why Prices Are Stable for Now
Despite rising global oil prices the government and oil companies are keeping retail fuel rates steady. OMCs are currently absorbing some of the cost pressure to avoid sudden price hikes, which could impact household budgets and increase inflation.
Global Tensions Behind Oil Price Volatility
Crude oil prices have been fluctuating ongoing geopolitical tensions in West Asia. The conflict involving Iran, Israel, and the United States has raised concerns about possible disruptions in oil supply. A key concern is the Strait of Hormuz a crucial route that handles nearly 20% of the world’s oil supply. Any disruption here can significantly impact global oil prices. Currently, Brent crude is hovering around $109 per barrel.
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Fuel Prices in Major Cities
A quick look at petrol and diesel prices in key Indian cities:
New Delhi: Petrol Rs 94.72 / Diesel Rs 87.62
Mumbai: Petrol Rs 104.21 / Diesel Rs 92.15
Kolkata: Petrol Rs 103.94 / Diesel Rs 90.76
Chennai: Petrol Rs 100.75 / Diesel Rs 92.34
Bengaluru: Petrol Rs 102.92 / Diesel Rs 89.02
Hyderabad: Petrol Rs 107.46 / Diesel Rs 95.70
Prices vary across cities due to differences in state taxes and local charges.
Why Fuel Prices Differ Across Cities
Fuel prices in India are influenced by several factors, including:
. Central and state taxes (VAT)
. Global crude oil prices
. Exchange rate of the rupee against the US dollar
. Refining and transportation costs
. Local demand and supply conditions
Even though prices have been largely unchanged since May 2022, these factors continue to impact pricing decisions.
Premium Fuel Prices Have Increased
While regular fuel prices remain stable, premium variants have become more expensive.
. IndianOil’s 'XP100 petrol' saw a sharp increase of Rs 11 per litre, now priced at Rs 160.
. Premium diesel variant 'Xtra Green' has also become costlier.
These fuels are mainly used in high-end cars and bikes for better performance.
Private Companies Raise Fuel Prices
Private fuel retailers have already increased their prices. Companies like Shell and Nayara Energy have raised petrol and diesel rates due to rising crude oil costs.
Petrol, Diesel Prices Today: Check if fuel got cheaper or costlier in your city
For example, in Bengaluru:
. Petrol prices increased by Rs 7.41 per litre
. Diesel prices saw a bigger jump of Rs 25.01 per litre
Prices may vary depending on the city and local taxes.
Will Regular Fuel Prices Rise Soon?
The big question is whether petrol and diesel prices will increase in the coming days. For now, the companies are avoiding hikes to control inflation. However, if global crude oil prices stay high and the rupee weakens further, the oil companies may not be able to absorb losses for long. This could lead to a price revision in the near future.
