Fuel prices are an important part of daily life in India. Petrol and diesel are used for transportation, businesses, and many essential services. Because of this, even a small change in fuel prices can affect the cost of living and the overall economy.
As of March 2026, petrol and diesel prices in many Indian cities remain mostly stable. However, global crude oil prices and government taxes continue to influence fuel rates in the country.
In this article, we will look at the latest petrol and diesel prices in India, understand why prices change, and learn what factors affect fuel costs.
Petrol and Diesel Price Today in Major Indian Cities
Below are the approximate fuel prices in major cities in India today:
| City | Petrol Price (₹/Litre) | Diesel Price (₹/Litre) |
|---|---|---|
| Delhi | ₹94.72 | ₹87.67 |
| Mumbai | ₹103.50 | ₹90.03 |
| Kolkata | ₹105.41 | ₹92.76 |
| Chennai | ₹100.80 | ₹92.39 |
| Bengaluru | ₹102.99 | ₹91.06 |
| Hyderabad | ₹107.50 | ₹95.70 |
Fuel prices differ from city to city because each state government charges different taxes on petrol and diesel.
Petrol Price in Some Indian States
Petrol prices also vary across states depending on local taxes and transportation costs.
| State | Petrol Price (₹/Litre) |
|---|---|
| Assam | ₹96.38 |
| Bihar | ₹107.17 |
| Maharashtra | ₹104.44 |
| Kerala | ₹106.40 |
| Rajasthan | ₹104.69 |
| West Bengal | ₹104.73 |
This is why petrol may be cheaper in one state and more expensive in another.
Why Petrol and Diesel Prices Change
Fuel prices in India are updated every day at 6 AM. The price is decided based on several factors.
1. Global Crude Oil Prices
India imports a large amount of crude oil from other countries. When international crude oil prices increase, petrol and diesel prices in India also increase.
2. Rupee and Dollar Exchange Rate
Oil is traded globally in US dollars. If the Indian rupee becomes weaker against the dollar, fuel becomes more expensive.
3. Central and State Taxes
Taxes form a large part of fuel prices in India. Both the central government and state governments charge taxes on petrol and diesel.
4. Transportation and Dealer Commission
Transporting fuel from refineries to petrol pumps also adds to the price. Petrol pump dealers also receive a small commission on every litre sold.
Recent Fuel Price Trends
In recent days, premium petrol variants have seen a small price increase due to rising global crude oil prices. However, regular petrol and diesel prices have remained mostly stable for retail consumers in many cities.
Bulk diesel prices for industrial buyers have also increased due to higher international oil costs and supply concerns.
Global tensions, supply disruptions, and changes in crude oil production are some of the reasons affecting fuel prices worldwide.
Impact of Fuel Prices on the Economy
Fuel prices have a strong impact on the economy because they affect many sectors such as:
- Transportation costs
- Food and grocery prices
- Delivery and logistics services
- Inflation in the economy
When fuel prices rise, the cost of goods and services may also increase.
Tips to Save Fuel
Here are some simple ways to reduce fuel consumption and save money:
- Maintain correct tyre pressure
- Avoid sudden acceleration
- Service your vehicle regularly
- Avoid unnecessary travel
- Use public transportation when possible
These small habits can help reduce fuel expenses over time.
Conclusion
Petrol and diesel prices in India depend on global crude oil prices, taxes, and currency exchange rates. While fuel prices are currently stable in many cities, future changes in the global oil market can affect prices again.
Vehicle owners should stay updated with daily fuel rates and follow fuel-saving habits to manage transportation costs.