Fuel prices across India largely held stable on June 10, 2026, after a series of increases implemented on May 25. This recent hike marked the fourth such revision in two weeks, pushing petrol and diesel rates higher across major metropolitan areas.
Current Fuel Prices in Major Indian Cities
As of June 10, 2026, consumers in key Indian cities are paying the following for petrol and diesel per litre:
- Delhi: Petrol ₹102.12, Diesel ₹95.20
- Mumbai: Petrol ₹111.21, Diesel ₹97.83
- Kolkata: Petrol ₹113.51, Diesel ₹99.82
- Chennai: Petrol ₹107.77, Diesel ₹99.58
- Hyderabad: Petrol ₹115.72, Diesel ₹103.82
- Bengaluru: Petrol ₹110.91, Diesel ₹98.80
The May 25 price adjustment saw petrol increase by ₹2.61 per litre and diesel by ₹2.71 per litre in the latest series of revisions. Oil marketing companies are working to recover losses accumulated over several months, a period during which global crude oil prices surpassed $100 per barrel.
Factors Influencing Fuel Prices in India
The retail cost of petrol and diesel in India is determined by a complex interplay of global and domestic economic factors:
International Crude Oil Prices
The primary driver of fuel costs is the international price of crude oil. Ongoing geopolitical tensions, such as the US-Iran conflict and the closure of the Strait of Hormuz, have contributed significantly to volatility in global energy markets and kept crude prices elevated.
Rupee-Dollar Exchange Rate
Given India's substantial reliance on imported crude, the exchange rate between the Indian Rupee and the US Dollar is a critical variable. A weaker Rupee makes crude oil procurement more expensive, directly impacting retail fuel prices.
Government Taxes and Other Costs
A significant portion of the final price consumers pay at the pump comprises taxes levied by both the central and state governments. These taxes are a primary reason for the variation in petrol and diesel rates across different states. Additionally, transportation costs and local demand-supply dynamics also factor into the retail pricing structure.