Fuel prices across India remained largely unchanged on August 29, 2026, maintaining the stability observed since a significant increase on May 25. State-owned Oil Marketing Companies (OMCs) had previously raised petrol prices by ₹2.61 per litre and diesel prices by ₹2.71 per litre at that time.
Despite global oil prices settling lower last week amid hopes for resumed shipping via the Strait of Hormuz, domestic fuel rates held steady. Consumers in major metropolitan areas continue to face high costs.
Current Fuel Prices in Key Indian Cities (August 28, 2026)
- Delhi: Petrol ₹102.12 per litre, Diesel ₹95.20 per litre.
- Mumbai: Petrol ₹111.21 per litre, Diesel ₹97.83 per litre.
- Hyderabad: Petrol ₹115.69 per litre, Diesel ₹103.82 per litre.
- Kolkata: Petrol ₹113.51 per litre, Diesel ₹99.82 per litre.
- Bengaluru: Petrol ₹110.82 per litre, Diesel ₹98.77 per litre.
- Chennai: Petrol ₹107.76 per litre, Diesel ₹99.55 per litre.
Petrol prices in Delhi remain above the ₹100 mark, while Mumbai continues to see rates exceeding ₹110. Hyderabad records the highest petrol price among the listed cities, and is also the only one where diesel surpasses ₹100 per litre.
What Drives Fuel Prices in India?
A complex interplay of global, economic, and domestic factors determines the price consumers pay at the pump. The most significant influence is the international price of crude oil, which serves as the fundamental raw material for both petrol and diesel. Fluctuations in global crude markets directly impact procurement costs for Indian OMCs.
Another crucial variable is the rupee-dollar exchange rate. Given India's heavy reliance on imported crude oil, a weakening rupee against the dollar increases the cost of purchasing oil, which can then translate into higher retail fuel prices for consumers.
Why Do Prices Differ Across Cities?
Beyond international and national economic factors, local levies play a substantial role in varying fuel prices across different states and cities. Both central and state governments impose taxes that constitute a significant portion of the final retail price. These taxes differ from one state to another, leading to discrepancies in rates.
Additionally, transportation costs from refineries to distribution points, along with prevailing demand-supply dynamics within specific regions, also contribute to the final retail price seen at petrol pumps nationwide.