Fuel prices across India remained unchanged on May 14, 2026, with rates holding steady in major metropolitan areas despite ongoing volatility in global crude oil markets. Tensions in West Asia and disruptions to key shipping routes continue to keep international crude prices on edge, yet domestic retail prices saw no immediate adjustments.
Current Fuel Prices in Key Indian Cities
In the capital city, Delhi, petrol continues to retail at ₹94.77 per litre, while diesel is priced at ₹87.67 per litre. Mumbai residents are paying higher rates, with petrol at ₹103.54 per litre and diesel at approximately ₹90.03 per litre.
- Delhi: Petrol ₹94.77/litre, Diesel ₹87.67/litre
- Mumbai: Petrol ₹103.54/litre, Diesel ₹90.03/litre
- Kolkata: Petrol ₹105.45/litre, Diesel ₹92.02/litre
- Chennai: Petrol ₹100.80/litre, Diesel ₹92.39/litre
- Hyderabad: Petrol ₹107.50/litre, Diesel ₹95.70/litre
- Bengaluru: Petrol ₹102.96/litre, Diesel ₹90.99/litre
Several major cities, including Bengaluru, Hyderabad, Kolkata, and Chennai, continue to see petrol prices above the ₹100 per litre mark, while diesel prices generally remain below this threshold across the country.
Factors Influencing Fuel Prices in India
The final price consumers pay at the pump is a complex interplay of several global and domestic factors:
- International Crude Oil Prices: As the primary raw material, the global price of crude oil has the most significant impact on retail fuel costs.
- Rupee-Dollar Exchange Rate: India heavily relies on imported crude. A weaker Indian Rupee against the US Dollar increases the cost of procurement, which can lead to higher domestic prices.
- Government Taxes: Both central and state governments levy substantial taxes on petrol and diesel. These taxes vary by state, explaining the differing prices across cities.
- Transportation Costs: The cost of transporting fuel from refineries to distribution points and then to retail outlets also contributes to the final price.
- Demand-Supply Conditions: Local demand and supply dynamics can also play a role in minor price variations.
Potential Price Hikes Amid OMCs' Losses
Sources indicate that public sector oil marketing companies (OMCs) are reportedly incurring significant losses, estimated at nearly ₹30,000 crore per month. There are unconfirmed reports suggesting that petrol and diesel prices could see a hike before May 15, 2026, to offset these losses, though no official announcement has been made.