Fuel Prices Hold Steady Across Major Indian Cities
New Delhi, India – Fuel prices across India remained largely unchanged on July 11, 2026, offering a period of stability for consumers following a significant hike in May. State-owned Oil Marketing Companies (OMCs) last adjusted prices on May 25, when petrol saw a rise of ₹2.61 per litre and diesel increased by ₹2.71 per litre.
This steady trend comes as global oil prices settled lower on Friday, influenced by the latest developments in the US-Iran situation and hopes for the resumption of shipping through the Strait of Hormuz. Brent crude futures were reported at $76.01 per barrel, a notable decrease from the late-April peak of over $120 per barrel when the Hormuz closure initially disrupted global energy markets.
City-Wise Fuel Rates on July 11, 2026
Consumers in major metropolitan areas continue to face varying price points:
- Delhi: Petrol is priced at ₹102.12 per litre, with diesel at ₹95.20 per litre.
- Mumbai: Petrol remains above the ₹110 mark at ₹111.21 per litre, and diesel at ₹97.83 per litre.
- Chennai: Petrol costs ₹107.94 per litre, while diesel is ₹99.71 per litre.
- Kolkata: Petrol is ₹113.51 per litre, and diesel is ₹99.82 per litre.
- Bengaluru: Petrol stands at ₹110.44 per litre, with diesel at ₹98.39 per litre.
- Hyderabad: Petrol is the highest among listed cities at ₹115.69 per litre, and diesel at ₹103.82 per litre.
It is worth noting that Rosneft-backed Nayara Energy recently announced a reduction in fuel prices across its extensive network, lowering petrol by ₹5 per litre and diesel by ₹3 per litre last week.
Factors Influencing India's Fuel Prices
The retail price of petrol and diesel in India is a complex interplay of several factors:
Global Crude Oil Prices
The international price of crude oil is the primary determinant, as India is a significant importer. Fluctuations in global supply and demand, geopolitical events, and production decisions by oil-producing nations directly impact the cost of the raw material.
Rupee-Dollar Exchange Rate
Given India's reliance on imported crude, the exchange rate between the Indian Rupee and the US Dollar plays a crucial role. A weakening Rupee makes crude oil imports more expensive, which can translate into higher retail fuel prices.
Taxes and Duties
Both the central and state governments levy various taxes and duties on petrol and diesel. These taxes constitute a substantial portion of the final price and are the primary reason for price disparities across different states and cities within India.
Transportation Costs and Local Demand
Additional factors such as transportation costs from refineries to distribution points, dealer commissions, and local demand-supply dynamics also contribute to the final price consumers pay at the pump.