Petrol and diesel prices across India saw no change on September 6, 2026, with state-owned Oil Marketing Companies (OMCs) maintaining rates at their current levels. This stability comes despite global oil prices heading for their most significant weekly gain since July, fueled by renewed US-Iran hostilities and concerns over disruptions in the Strait of Hormuz.
The last adjustment in retail fuel prices occurred on May 25, when petrol rates were increased by ₹2.61 per litre and diesel by ₹2.71 per litre.
Current Fuel Prices in Major Indian Cities (September 6)
- Delhi: Petrol ₹102.12 per litre, Diesel ₹95.20 per litre
- Mumbai: Petrol ₹111.18 per litre, Diesel ₹97.83 per litre
- Hyderabad: Petrol ₹115.69 per litre, Diesel ₹104.23 per litre
- Kolkata: Petrol ₹113.51 per litre, Diesel ₹99.82 per litre
- Bengaluru: Petrol ₹111.68 per litre, Diesel ₹99.56 per litre
- Chennai: Petrol ₹107.76 per litre, Diesel ₹99.55 per litre
While prices in Delhi remain above the ₹100 mark for petrol, Mumbai continues to see petrol above ₹110. Hyderabad records the highest prices among the listed cities for both petrol and diesel.
Factors Influencing India's Fuel Prices
Several critical factors determine the retail price of petrol and diesel at the pump in India. At the forefront is the international price of crude oil, which serves as the primary raw material. Fluctuations in global crude benchmarks significantly impact the cost for OMCs.
Another key variable is the rupee-dollar exchange rate. As India heavily relies on imported crude, a weaker rupee against the US dollar increases the cost of procurement, which can directly translate to higher retail fuel prices for consumers.
Furthermore, taxes levied by both the central and state governments constitute a substantial portion of the final price. This taxation structure is a primary reason why petrol and diesel rates vary considerably across different states and cities within India. Additional factors like transportation costs from refineries to retail outlets and prevailing demand-supply dynamics also play a role in shaping the final price consumers pay.