Petrol Diesel Price Today (May 8, 2026): Check Latest Rates Across Major Indian Cities

Petrol and diesel prices across India remained largely stable on May 8, 2026, despite continued volatility in global crude oil markets and geopolitical tensions in West Asia. Oil Marketing Companies (OMCs) have maintained fuel prices across major metropolitan cities, offering temporary relief to consumers amid elevated international energy prices and currency fluctuations.

While global crude oil benchmarks continue to fluctuate due to supply concerns and shipping disruptions near the Strait of Hormuz, domestic fuel prices have remained steady due to government intervention and pricing adjustments by state-run fuel retailers.

Petrol and Diesel Prices in Major Indian Cities Today

The retail prices of petrol and diesel vary across cities because of differences in state VAT, local taxes, and transportation costs.

Fuel Prices Today Across Major Cities

City	Petrol Price (₹/Litre)	Diesel Price (₹/Litre)
New Delhi	94.77	87.67
Mumbai	103.54	90.03
Kolkata	105.41	92.02
Chennai	100.84	92.39
Bengaluru	102.96	90.99
Hyderabad	107.46	95.70
Ahmedabad	94.29	89.95
Pune	104.03	91.34
Lucknow	94.73	87.81
Jaipur	104.72	90.15

Among the major cities, Hyderabad continues to report the highest petrol and diesel prices, while Ahmedabad and Delhi remain among the cheaper fuel markets due to lower state taxes.

State-Wise Average Petrol Prices in India

Fuel prices also differ significantly between states because of varying VAT structures imposed by local governments.

Average Petrol Prices by State

State / UT	Petrol Price (₹/Litre)
Andaman and Nicobar Islands	82.46
Andhra Pradesh	109.11
Assam	100.04
Bihar	106.94
Chandigarh	94.30
Delhi	94.77
Gujarat	94.29
Haryana	95.91
Karnataka	103.62
Kerala	106.46
Madhya Pradesh	107.83
Maharashtra	104.11
Odisha	102.43
Punjab	98.31
Rajasthan	104.53
Tamil Nadu	102.00
Telangana	108.83
Uttar Pradesh	94.37
West Bengal	106.22

Andaman and Nicobar Islands continue to offer the lowest petrol prices in India, while Andhra Pradesh and Telangana remain among the costliest fuel markets.

Why Fuel Prices Remain Stable Despite Global Oil Volatility

1. Crude Oil Market Volatility

Global oil prices remain highly sensitive to geopolitical developments in the Middle East. Concerns surrounding disruptions in the Strait of Hormuz one of the world’s most critical oil shipping routes continue to influence international crude benchmarks.

Even minor disruptions in supply chains can significantly impact oil-importing countries like India.

2. Government and OMC Price Management

Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) are currently managing retail fuel prices carefully to avoid sudden inflationary shocks for consumers.

Reports suggest that state-run OMCs are absorbing part of the pricing pressure instead of fully passing higher crude oil costs to end users.

3. Rupee-Dollar Exchange Rate Impact

India imports over 85% of its crude oil requirements, making the rupee-dollar exchange rate extremely important for fuel pricing.

A weaker rupee increases import costs, which eventually impacts petrol and diesel prices domestically even if crude prices remain unchanged globally.

4. State Taxes Continue to Drive Price Differences

State VAT remains one of the biggest reasons for fuel price variation across India. States with higher local taxes witness significantly higher retail fuel prices compared to states with lower tax burdens.

Will Petrol and Diesel Prices Rise Further?

Market experts believe fuel prices could remain volatile in the coming weeks depending on:

• Global crude oil movement
• Iran-US geopolitical developments
• Rupee stability against the US dollar
• Government pricing decisions
• Domestic inflation trends

If crude oil sustains above the $100-per-barrel mark for an extended period, pressure on Indian fuel prices could increase gradually.

Outlook for Indian Consumers

For now, consumers continue to benefit from stable domestic fuel prices despite global uncertainties. However, the risk of future price hikes remains elevated due to geopolitical tensions, oil supply concerns, and currency volatility.

Analysts expect the government and OMCs to continue balancing inflation management with fuel pricing sustainability in the near term.

FAQs

Why are petrol and diesel prices different in every state?

Fuel prices vary because each state imposes different VAT rates and local taxes, which directly impact retail prices.

Which city has the highest petrol price today?

Among major Indian cities, Hyderabad currently has one of the highest petrol prices at ₹107.46 per litre.

Why are fuel prices stable despite rising crude oil prices?

Oil Marketing Companies and government intervention are helping absorb part of the international crude oil shock to prevent sharp retail price increases.

How does the rupee-dollar exchange rate affect fuel prices?

Since India imports most of its crude oil in US dollars, a weaker rupee increases import costs and puts upward pressure on domestic fuel prices.

Will petrol and diesel prices increase in coming weeks?

Future fuel price movement will depend on global crude oil prices, geopolitical tensions, and currency fluctuations. Continued oil price strength could increase pressure on domestic fuel rates.