Petrol and diesel prices remained unchanged across major Indian cities on Monday, even as global crude oil markets stayed volatile due to escalating tensions in the Middle East and disruptions in key shipping routes.
Petrol prices today
In Delhi, petrol continued to be priced at Rs 94.77 per litre. Rates remained higher in other metros, with Mumbai at Rs 103.50 per litre.Other major cities also recorded petrol prices above Rs 100 per litre, including Hyderabad (Rs 107.50), Kolkata (Rs 105.41), Bengaluru (Rs 102.92) and Chennai (Rs 100.90).
Petrol Prices (Rs/litre)
| City | Petrol Price (Rs/litre) |
|---|---|
| Delhi | 94.77 |
| Hyderabad | 107.50 |
| Kolkata | 105.41 |
| Mumbai | 103.50 |
| Bengaluru | 102.92 |
| Chennai | 100.90 |
Diesel prices today
Diesel prices also held steady across the country. In Delhi, diesel was priced at Rs 87.67 per litre, while in Mumbai, it saw rates at Rs 90.03 per litre.
Prices were higher in several cities, including Hyderabad (Rs 95.70), Chennai (Rs 92.39), Kolkata (Rs 92.02) and Bengaluru (Rs 90.99), as per ET.
Diesel Prices (Rs/litre)
| City | Diesel Price (Rs/litre) |
|---|---|
| Delhi | 87.67 |
| Mumbai | 90.03 |
| Kolkata | 92.02 |
| Chennai | 92.39 |
| Ahmedabad | 90.16 |
| Hyderabad | 95.70 |
| Patna | 91.49 |
| Bengaluru | 90.99 |
| Lucknow | 88.50 |
Stability despite global volatility
The pause in retail fuel prices comes despite a sharp rise in global crude benchmarks. As per Reuters, Brent crude was trading above $106 per barrel, while US crude hovered near $95, after posting their biggest weekly gains since the start of the war.The surge has been driven by stalled peace talks between the United States and Iran and continued disruptions in the Strait of Hormuz — a critical global oil transit route handling nearly a fifth of the world’s oil flows.Limited tanker movement and supply constraints have kept markets tight.
Why prices differ across cities
Fuel prices in India are influenced by multiple factors, with global crude oil rates being the most significant driver. The rupee-dollar exchange rate also plays a key role, as India imports the bulk of its crude requirements.
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Additionally, variations in state-level VAT, central excise duties, transportation costs, and local demand-supply conditions lead to differences in prices across cities.Despite the current stability, concerns remain over a possible revision in fuel prices if global crude continues to rise.According to ET, brokerage firm Emkay Global Financial Services has warned that any initial hike could be around Rs 10 per litre, though it may only partially offset losses faced by oil marketing companies.However, the government recently clarified that it has no plans to increase petrol and diesel prices.