Fuel prices across India held steady on April 28, 2026, offering a brief respite amid ongoing volatility in global crude markets and heightened political sensitivities ahead of state elections. Consumers in metropolitan areas observed no changes in the per-litre cost of petrol and diesel, maintaining current rates.
Metro Fuel Prices on April 28, 2026
As of April 28, petrol and diesel rates in India's major cities were as follows:
- Delhi: Petrol retailed at ₹94.77 per litre, with diesel priced at ₹87.67 per litre.
- Mumbai: Petrol stood at ₹103.54 per litre, and diesel at ₹90.03 per litre.
- Bengaluru: Petrol was recorded at ₹102.99 per litre, while diesel cost ₹91.06 per litre.
- Hyderabad: Petrol reached ₹107.46 per litre, and diesel was ₹95.70 per litre.
- Kolkata: Petrol was available at ₹105.41 per litre, with diesel at ₹92.02 per litre.
- Chennai: Petrol was priced at ₹100.80 per litre, and diesel at ₹92.39 per litre.
Notably, several major cities, including Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai, continued to see petrol prices above the ₹100 per litre mark, while diesel remained below this threshold nationwide.
Factors Influencing Fuel Prices in India
The determination of petrol and diesel prices in India is a complex interplay of various global, economic, and domestic factors. The most significant determinant is the international price of crude oil, which serves as the fundamental raw material for both fuels.
Another crucial variable is the rupee-dollar exchange rate. As India heavily relies on imported crude, a weakening rupee against the US dollar directly increases the cost of procurement, which can subsequently lead to higher retail fuel prices for consumers.
Furthermore, both central and state governments levy taxes on petrol and diesel. These taxes constitute a substantial portion of the final retail price, explaining the variations in fuel rates across different states. Additional factors such as transportation costs and the prevailing demand-supply dynamics within specific regions also contribute to the final price consumers pay at the pump.