Fuel Prices Steady: Petrol, Diesel Rates Unchanged on April 1, 2026

Top Summary

• What happened: Petrol and diesel prices in Delhi and other major Indian cities remained unchanged on April 1, 2026.
• Why it matters: Fuel prices impact household budgets and overall inflation, influencing economic stability.
• What changes: No immediate changes in retail petrol or diesel prices for consumers.
• Who is affected: Consumers who purchase petrol and diesel, transport companies, and the overall economy.

Fuel Prices Hold Steady at Start of FY2026-27

Petrol and diesel prices remained unchanged across major Indian cities on Tuesday, April 1, 2026, marking the start of the new financial year.

Despite expectations for potential adjustments at the beginning of FY2026-27, retail fuel prices have remained stable. This stability occurs amidst volatile global crude oil markets and ongoing geopolitical tensions affecting international energy prices.

Current Fuel Rates in Major Cities

In Delhi, petrol is priced at Rs 94.77 per litre, while diesel costs Rs 87.67 per litre.

Mumbai sees higher rates, with petrol retailing at Rs 103.49 per litre and diesel around Rs 90.03 per litre.

Petrol prices remain above Rs 100 per litre in most major metro cities, including Mumbai, Bengaluru, Hyderabad, and Kolkata. Diesel prices remain below Rs 100 in these cities.

Factors Influencing Fuel Prices in India

Retail fuel prices in India are influenced by several key factors:

• Global crude oil prices: The primary raw material for petrol and diesel.
• Rupee-dollar exchange rate: A weaker rupee increases the cost of imported crude oil.
• Central and state government taxes: Taxes significantly contribute to the final price.
• Transportation costs and demand-supply dynamics.

Daily Price Revisions by OMCs

The three major oil marketing companies (OMCs) in India – Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) – revise fuel prices daily.

These revisions align with global crude oil movements and currency exchange rate fluctuations. Despite these daily revisions, retail fuel rates have remained unchanged so far.

Limited Movement Since May 2022

Retail fuel prices have seen limited movement since May 2022, when the central government and several states reduced excise duties and value-added taxes on fuel.

What to Watch Next

Monitor global crude oil prices and geopolitical developments for potential impacts on future fuel price adjustments. Keep an eye on upcoming government policy announcements regarding fuel taxes and subsidies.