Petrol and Diesel Rates Largely Stable Across India
Fuel prices across India remained mostly unchanged on July 27, 2026, though some cities observed minor upward adjustments. This stability comes as global crude oil markets react to a temporary pause in US-Iran strikes and renewed diplomatic efforts, easing immediate war-risk fears surrounding the Strait of Hormuz.
In Delhi, petrol continued to be priced at ₹102.12 per litre, with diesel at ₹95.20 per litre. Mumbai saw a slight hike, with petrol reaching ₹112.40 per litre and diesel at ₹99.03 per litre. Other major cities like Bengaluru, Hyderabad, and Kolkata also saw petrol prices above ₹110 per litre, while diesel generally remained below ₹100, except in Hyderabad.
City-Specific Fuel Prices on July 27, 2026
- Delhi: Petrol ₹102.12/litre, Diesel ₹95.20/litre
- Mumbai: Petrol ₹112.40/litre, Diesel ₹99.03/litre
- Hyderabad: Petrol ₹115.69/litre, Diesel ₹103.82/litre
- Kolkata: Petrol ₹113.47/litre, Diesel ₹99.82/litre
- Bengaluru: Petrol ₹111.37/litre, Diesel ₹99.26/litre
- Chennai: Petrol ₹107.87/litre, Diesel ₹99.65/litre
Global Oil Markets and Geopolitical Impact
The broader context for India's fuel prices includes global crude oil movements. Brent crude oil eased to around $93.04 per barrel after a period of US-Iran conflict, which had previously pushed prices over $120 per barrel when the Hormuz closure first caused shockwaves in energy markets. The current pause in strikes and diplomatic talks have helped cool immediate fears, though the risk remains due to ongoing geopolitical tensions.
State-owned Oil Marketing Companies (OMCs) last adjusted prices significantly on May 25, 2026, when petrol and diesel saw increases of ₹2.61 and ₹2.71 per litre, respectively.
Factors Influencing India's Fuel Prices
Several factors contribute to the final retail price of petrol and diesel in India:
- International Crude Oil Prices: As India heavily imports crude, global prices are the most significant determinant.
- Rupee-Dollar Exchange Rate: A weaker rupee makes crude imports more expensive, directly impacting domestic fuel costs.
- Government Taxes: Both central and state governments levy taxes, which form a substantial portion of the final price and cause variations across states.
- Transportation Costs: The cost of moving fuel from refineries to distribution points adds to the retail price.
- Demand-Supply Dynamics: Local demand and supply conditions can also play a role in price fluctuations.