Petrol Diesel Prices Today in India (27 May 2026) Amid Fuel Surge

Petrol and diesel prices remained unchanged across most parts of India on 16 June 2026, even as global crude oil prices continued to trade below recent highs. Brent crude is currently hovering around $83–84 per barrel, significantly lower than levels witnessed during the peak of recent Middle East tensions.

Despite the correction in crude prices, domestic fuel rates have remained stable due to inventory costs, state-level taxes, dealer commissions, and India's fuel pricing mechanism.

For consumers, the biggest factor impacting fuel costs continues to be regional taxation, resulting in substantial price differences across states and cities.

Petrol & Diesel Prices in Major Cities

City	Petrol (₹/L)	Diesel (₹/L)
Delhi	102.12	95.20
Mumbai	111.21	97.83
Bengaluru	110.93	98.80
Chennai	107.79	99.55
Hyderabad	115.69	103.82
Kolkata	113.51	99.82
Ahmedabad	101.83	97.91
Pune	111.09	96.34
Jaipur	109.41	94.61
Lucknow	102.95	96.12

Among major cities, Hyderabad remains the most expensive market for both petrol and diesel, while Ahmedabad and Delhi continue to offer some of the lowest fuel prices.

Most Expensive States for Petrol

Rank	State	Petrol (₹/L)
1	Andhra Pradesh	117.78
2	Telangana	115.69
3	Kerala	115.09
4	Bihar	115.06
5	Madhya Pradesh	114.97

Higher VAT rates and local levies continue to keep fuel prices elevated in these states.

Cheapest States for Petrol

Rank	State / UT	Petrol (₹/L)
1	Andaman & Nicobar	88.66
2	Arunachal Pradesh	99.60
3	Dadra & Nagar Haveli	99.90
4	Daman & Diu	100.46
5	Chandigarh	101.54

These regions benefit from relatively lower tax structures and lower transportation costs.

Why Fuel Prices Differ So Much Across India

Although petrol and diesel are sourced from the same refining system, retail prices vary significantly due to:

• State VAT rates
• Additional local taxes
• Dealer commissions
• Freight and transportation costs
• Inventory adjustments by Oil Marketing Companies (OMCs)

For example, petrol in Andhra Pradesh costs ₹117.78 per litre, while the same litre costs ₹102.12 in Delhi, creating a difference of ₹15.66 per litre.

For a vehicle with a 50-litre fuel tank, this translates into an additional cost of nearly ₹783 per tankful.

Crude Oil Market Update

Benchmark	Current Price
Brent Crude	$83–84/barrel
WTI Crude	$80–81/barrel

The decline in oil prices has been driven by easing geopolitical concerns and improved supply expectations.

However, domestic fuel prices typically react with a lag as oil companies account for previous inventory costs and fluctuations in the rupee-dollar exchange rate.

What Could Move Fuel Prices Next?

Factors That Could Lower Prices

• Brent crude staying below $85/barrel
• Stable rupee against the US dollar
• Improved global supply conditions
• Government tax reductions

Factors That Could Push Prices Higher

• Fresh Middle East tensions
• Supply disruptions in key shipping routes
• Sharp rupee depreciation
• Increase in state fuel taxes

Economic Impact of Fuel Prices

Fuel prices remain one of the most important indicators for the Indian economy because they directly influence:

Key Sectors

• Transportation
• Logistics
• Aviation
• Agriculture
• Manufacturing

Broader Economic Indicators

• Consumer Inflation (CPI)
• Wholesale Inflation (WPI)
• FMCG Margins
• E-commerce Delivery Costs
• Consumer Spending Trends

Any meaningful decline in fuel prices can provide relief to businesses and consumers while helping control inflation.

Key Takeaways

• Petrol prices remain unchanged across India on 16 June 2026
• Brent crude continues to trade below $85 per barrel
• Hyderabad remains the costliest major city for fuel
• Ahmedabad remains among the cheapest major cities
• Andhra Pradesh has the highest petrol prices in India
• Andaman & Nicobar continues to offer the lowest petrol prices
• Fuel prices could soften later in 2026 if crude remains below current levels

Outlook

The near-term outlook for Indian fuel prices remains neutral to slightly positive for consumers. If crude oil continues to trade below the $80–85 range and the rupee remains stable, there is growing scope for fuel prices to ease in the coming months.

However, geopolitical risks remain the biggest wildcard. Any disruption in global crude supplies could quickly reverse the recent decline in oil prices and keep domestic fuel rates elevated.

1. What is the petrol price in India today (16 June 2026)?

Petrol prices vary across states due to differences in VAT and local taxes. Among major cities, petrol is priced at ₹102.12 per litre in Delhi, ₹111.21 in Mumbai, and ₹115.69 in Hyderabad.

2. What is the diesel price in India today?

Diesel prices also vary by location. Delhi diesel is priced at ₹95.20 per litre, while Hyderabad remains among the highest at ₹103.82 per litre.

3. Why are petrol and diesel prices different in every state?

Fuel prices differ because state governments levy different VAT rates and local taxes. Transportation costs, dealer commissions, and regional levies also influence retail fuel prices.

4. Which state has the highest petrol price in India?

As of 16 June 2026, Andhra Pradesh has the highest petrol price among major states at approximately ₹117.78 per litre.

5. Which state has the lowest petrol price in India?

Andaman & Nicobar continues to have the lowest petrol price in India at around ₹88.66 per litre.

6. Why have fuel prices not fallen despite lower crude oil prices?

Retail fuel prices do not always move in line with daily crude oil fluctuations. Oil marketing companies consider inventory costs, exchange rates, taxes, and previous losses before adjusting prices.

7. Will petrol and diesel prices decrease in the coming weeks?

If Brent crude remains below $85 per barrel and geopolitical tensions stay contained, there could be room for fuel price reductions. However, any disruption in global oil supply could keep prices elevated.

8. Which city has the highest fuel prices among major metros?

Hyderabad currently has the highest petrol and diesel prices among major Indian metropolitan cities.

9. How do fuel prices impact the economy?

Higher fuel prices increase transportation and logistics costs, which can lead to higher inflation, increased business expenses, and pressure on consumer spending.

10. Where can consumers check daily petrol and diesel prices?

Consumers can check daily fuel rates through oil marketing company websites, mobile apps, and city-wise fuel price updates published by financial news platforms.