Fuel Prices Hold Steady Across India
On September 3, 2026, commuters across India saw minimal changes at the fuel pumps as petrol and diesel prices largely maintained their levels in most major metropolitan areas. This stability comes as global crude oil benchmarks, such as Brent crude, hovered around $91.87 per barrel.
The national average for petrol was recorded at ₹111.21 per litre, while diesel stood at ₹97.83 per litre. Despite the overall stability, slight variations persist across states and cities, primarily due to differing tax structures and local market dynamics.
City-Wise Fuel Rates on September 3
Here’s a breakdown of the latest petrol and diesel prices in India’s key cities:
- Mumbai: Petrol was priced at ₹111.21 per litre, with diesel at ₹97.83 per litre. Both rates remained unchanged from the previous day.
- Delhi: The capital city recorded petrol at ₹102.12 per litre and diesel at ₹95.20 per litre, reflecting its generally lower fuel costs compared to other major metros.
- Kolkata: Residents paid ₹113.51 per litre for petrol and ₹99.82 per litre for diesel. Diesel saw a minor decrease from yesterday’s rate.
- Chennai: Petrol was available at ₹107.77 per litre, and diesel at ₹99.55 per litre, with diesel also seeing a slight dip.
- Bengaluru: Petrol prices were ₹111.68 per litre, and diesel was ₹99.56 per litre.
- Hyderabad: This city registered the highest metro rates, with petrol at ₹115.69 per litre and diesel at ₹103.82 per litre.
Factors Influencing Fuel Prices
Several critical factors contribute to the retail price of petrol and diesel in India. A primary determinant is the international price of crude oil, with Brent crude serving as a key benchmark. The rupee-dollar exchange rate also plays a significant role, as India imports a substantial portion of its crude oil. A weaker rupee directly increases the cost of procurement, potentially leading to higher pump prices.
Furthermore, taxes levied by both the central and state governments constitute a considerable portion of the final price. These varying tax rates are the main reason for price discrepancies between different states and cities. Transportation costs and local demand-supply conditions also factor into the ultimate cost consumers pay.
For daily commuters, the current stability means no immediate price shocks, though overall prices remain elevated compared to historical levels. Consumers are encouraged to monitor local rates for any specific city variations.