Fuel prices across India have held steady on June 21, 2026, with no revisions to petrol and diesel rates. This stability comes after a significant hike on May 25, when state-owned retailers increased petrol prices by ₹2.61 per litre and diesel by ₹2.71 per litre.
Despite global crude markets remaining volatile due to tensions in West Asia and disruptions to key shipping routes, domestic fuel prices have maintained their current levels. Consumers in major Indian cities continue to navigate varying price points, largely influenced by state-specific taxation.
Current Fuel Prices in Major Indian Cities (June 21, 2026)
- Delhi: Petrol ₹102.12 per litre, Diesel ₹95.20 per litre
- Mumbai: Petrol ₹111.21 per litre, Diesel ₹97.83 per litre
- Kolkata: Petrol ₹113.47 per litre, Diesel ₹99.82 per litre
- Chennai: Petrol ₹107.87 per litre, Diesel ₹99.65 per litre
- Bengaluru: Petrol ₹110.61 per litre, Diesel ₹98.54 per litre
- Hyderabad: Petrol ₹115.69 per litre, Diesel ₹103.82 per litre
These rates highlight that petrol prices continue to retail above the ₹100 mark in most metropolitan areas, with Mumbai and several other cities seeing petrol above ₹110. Hyderabad is notable for diesel prices also exceeding ₹100 per litre.
Factors Influencing Petrol and Diesel Prices in India
The retail price of petrol and diesel in India is a complex interplay of several factors:
International Crude Oil Prices
The primary determinant is the global price of crude oil. India, being a major importer, is highly susceptible to fluctuations in international crude markets, which directly impacts the base cost of refined fuels.
Rupee-Dollar Exchange Rate
Since crude oil is typically traded in US dollars, the exchange rate between the Indian Rupee and the US Dollar plays a crucial role. A weakening rupee makes crude imports more expensive, potentially leading to higher retail prices.
Central and State Taxes
Both the central and state governments levy significant taxes on petrol and diesel, including excise duty and Value Added Tax (VAT). These taxes constitute a substantial portion of the final price and are the primary reason for price disparities across different states.
Transportation Costs and Demand-Supply
Other contributing factors include the cost of transporting fuel from refineries to distribution points, as well as local demand-supply dynamics. These elements collectively shape the final price consumers pay at the pump.