Fuel prices across major Indian cities remained largely stable on June 7, 2026, following a significant hike on May 25. This earlier increase marked the fourth in two weeks, bringing petrol prices up by ₹2.61 per litre and diesel by ₹2.71 per litre as oil marketing companies adjusted to recover previous losses.
Current Fuel Prices in Key Indian Cities (June 7)
- Delhi: Petrol at ₹102.12 per litre, Diesel at ₹95.20 per litre.
- Mumbai: Petrol at ₹111.21 per litre, Diesel at ₹97.83 per litre.
- Hyderabad: Petrol at ₹115.69 per litre, Diesel at ₹103.82 per litre.
- Kolkata: Petrol at ₹113.51 per litre, Diesel at ₹99.82 per litre.
- Bengaluru: Petrol at ₹110.93 per litre, Diesel at ₹98.80 per litre.
- Chennai: Petrol at ₹107.79 per litre, Diesel at ₹99.57 per litre.
In Delhi, petrol has now crossed the ₹100 per litre mark, with Mumbai maintaining higher rates for both petrol and diesel. Most major cities like Bengaluru, Hyderabad, and Kolkata also see petrol prices above ₹100 per litre, while diesel generally remains below that threshold in Bengaluru and Kolkata.
Factors Influencing India's Fuel Prices
The retail price of petrol and diesel at the pump in India is a complex interplay of several global, economic, and domestic factors.
Global Crude Oil Prices
The most significant determinant is the international price of crude oil. As the primary raw material for both petrol and diesel, fluctuations in global crude markets, often influenced by geopolitical tensions such as those in West Asia or disruptions to key shipping routes, directly impact procurement costs for Indian oil companies.
Rupee-Dollar Exchange Rate
Given India's heavy reliance on imported crude, the exchange rate between the Indian Rupee and the US Dollar plays a crucial role. A weaker Rupee makes crude imports more expensive, which can translate into higher retail fuel prices for consumers.
Government Taxes and Local Levies
A substantial portion of the final price consumers pay is comprised of taxes levied by both the central and state governments. These varying tax structures are a primary reason why petrol and diesel rates differ significantly across different Indian states and cities. Additionally, transportation costs and local demand-supply dynamics also contribute to the final retail price.