Petrol and diesel prices across India remained largely stable on September 24, 2026, offering a slight reprieve to daily commuters despite global crude oil prices holding above the $102 per barrel mark. The national average for petrol was recorded at ₹111.21 per litre, while diesel stood at ₹97.83 per litre.
Major City Fuel Rates on September 24
Fuel costs continued to show variations across major metropolitan areas, influenced by local taxes and transportation expenses. Here are the latest rates:
- Mumbai: Petrol at ₹111.21 per litre, Diesel at ₹97.83 per litre.
- Delhi: Petrol at ₹102.12 per litre, Diesel at ₹95.20 per litre.
- Kolkata: Petrol at ₹113.51 per litre, Diesel at ₹99.82 per litre.
- Chennai: Petrol at ₹107.76 per litre, Diesel at ₹99.55 per litre.
- Bengaluru: Petrol at ₹111.68 per litre, Diesel at ₹99.56 per litre.
- Hyderabad: Petrol at ₹116.15 per litre, Diesel at ₹104.23 per litre.
Government Holds Steady Amidst Crude Volatility
Sources indicate that the Indian government currently has no plans to increase petrol and diesel rates, even as global crude oil prices experience volatility. Authorities are prioritizing energy security and ensuring stable fuel supplies for the nation. As of September 24, Brent crude was trading at approximately $102.27 per barrel.
The global oil market is expected to remain uncertain, particularly in the run-up to the US midterm elections in November. This geopolitical factor could further impact India's oil import bill and domestic fuel pricing dynamics.
Factors Influencing Fuel Prices in India
Several key elements contribute to the final retail price consumers pay at the pump. Beyond the international price of Brent crude, the rupee-dollar exchange rate plays a significant role. India's heavy reliance on imported crude means that a weakening rupee directly increases procurement costs, potentially leading to higher retail prices.
Furthermore, both central and state governments levy various taxes, which form a substantial portion of the final fuel price and account for the price differences observed across states. Transportation costs and local demand-supply conditions also factor into these variations.