Fuel prices across India's major metropolitan areas held steady on April 13, with rates reflecting those recorded on April 12, 2026. This stability comes despite ongoing volatility in global crude markets, fueled by tensions in West Asia and disruptions to critical shipping routes. Political sensitivities ahead of upcoming state elections are also noted as a contributing factor to the current pause in price adjustments.
Metro Fuel Rates (April 12, 2026)
In the capital city, Delhi, petrol continues to retail at Rs 94.77 per litre, while diesel is priced at Rs 87.67 per litre. Mumbai maintains the highest fuel costs among the major metros, with petrol selling at Rs 103.54 per litre and diesel at Rs 90.03 per litre.
Other key cities also reported stable prices on April 12:
- Hyderabad: Petrol Rs 107.50, Diesel Rs 95.70
- Kolkata: Petrol Rs 105.45, Diesel Rs 92.02
- Bengaluru: Petrol Rs 102.92, Diesel Rs 90.99
- Chennai: Petrol Rs 100.93, Diesel Rs 92.48
Across these cities, petrol prices generally remain above the Rs 100 per litre mark, while diesel largely stays below it.
Factors Influencing India's Fuel Prices
The retail price consumers pay at the pump for petrol and diesel in India is a complex interplay of several global and domestic economic factors.
Global Crude Oil Volatility
The international price of crude oil, which serves as the fundamental raw material for both petrol and diesel, is the single most significant determinant. Fluctuations in global supply and demand, geopolitical events, and actions by oil-producing nations directly impact these base costs.
Currency Exchange Rates
Given India's substantial reliance on imported crude oil, the rupee-dollar exchange rate plays a crucial role. A weakening Indian rupee against the US dollar increases the cost of purchasing crude, subsequently pushing up domestic retail fuel prices.
Taxation and Logistics
A substantial portion of the final retail price is comprised of taxes levied by both the central and state governments. These varying tax structures are the primary reason why petrol and diesel rates differ significantly across states and cities. Additionally, transportation costs from refineries to distribution points, along with local demand-supply dynamics, also factor into the ultimate price seen by consumers.