Indian fuel prices largely remained stable on June 9, 2026, following a series of revisions that saw significant hikes earlier in May. This period of stability comes after oil marketing companies increased petrol prices by ₹2.61 per litre and diesel by ₹2.71 per litre to recover accumulating losses, exacerbated by global crude oil prices crossing the $100 per barrel mark.
Fuel Prices Across Major Indian Cities
As of June 9, 2026, residents in major Indian cities experienced the following retail fuel prices:
- Delhi: Petrol ₹102.12 per litre, Diesel ₹95.20 per litre. Petrol in the capital had previously surpassed the ₹100 threshold.
- Mumbai: Petrol ₹111.18 per litre, Diesel ₹97.83 per litre. Mumbai's petrol prices have now crossed the ₹110 mark.
- Kolkata: Petrol ₹113.51 per litre, Diesel ₹99.82 per litre.
- Chennai: Petrol ₹108.01 per litre, Diesel ₹99.78 per litre.
- Hyderabad: Petrol ₹115.73 per litre, Diesel ₹103.82 per litre.
- Bengaluru: Petrol ₹110.89 per litre, Diesel ₹98.80 per litre.
Factors Influencing Fuel Costs in India
Retail petrol and diesel prices at the pump are determined by a complex interplay of international, economic, and domestic elements. The most significant factor is the global price of crude oil, which serves as the primary raw material for both fuels. Fluctuations in crude oil directly impact what consumers eventually pay.
Another critical variable is the rupee-dollar exchange rate. Given India's substantial reliance on imported crude, a weakening rupee against the dollar increases the cost of procurement, which is then passed on to consumers through higher retail fuel prices.
Additionally, central and state government taxes constitute a considerable portion of the final price, leading to variations in petrol and diesel rates across different states. Transportation costs from refineries to retail outlets, alongside prevailing demand-supply dynamics within specific regions, also contribute to the final price consumers see at the fuel pump.
The ongoing volatility in global energy markets, partly attributed to geopolitical events such as the US-Iran conflict and the closure of the Strait of Hormuz, continues to exert upward pressure on crude prices, contributing to the elevated fuel costs seen in India.