Petrol and diesel prices across India largely held steady on June 14, 2026, offering a brief respite to consumers after a period of significant increases. This stability comes after oil marketing companies implemented a series of revisions, including a notable hike on May 25, which marked the fourth price increase within two weeks.
These adjustments were made to help companies recover losses incurred due to global crude oil prices surpassing the $100 per barrel mark. The latest series of revisions saw petrol prices rise by ₹2.61 per litre and diesel by ₹2.71 per litre across the country.
Current Fuel Prices in Major Indian Cities (June 14, 2026)
As of June 14, 2026, consumers in key metropolitan areas faced the following fuel costs:
- Delhi: Petrol at ₹102.12 per litre, Diesel at ₹95.20 per litre.
- Mumbai: Petrol at ₹111.18 per litre, Diesel at ₹97.83 per litre.
- Kolkata: Petrol at ₹113.47 per litre, Diesel at ₹99.82 per litre.
- Chennai: Petrol at ₹107.87 per litre, Diesel at ₹99.66 per litre.
- Hyderabad: Petrol at ₹115.69 per litre, Diesel at ₹103.82 per litre.
- Bengaluru: Petrol at ₹110.89 per litre, Diesel at ₹98.80 per litre.
Understanding Fuel Price Dynamics in India
The retail prices of petrol and diesel in India are influenced by a complex interplay of global and domestic factors. At the core is the international price of crude oil, which serves as the primary raw material. Given India's heavy reliance on imported crude, global market volatility, such as that stemming from the ongoing US-Iran conflict and the potential closure of the Strait of Hormuz, directly impacts local prices.
Another crucial element is the rupee-dollar exchange rate. A weakening rupee against the dollar increases the cost of crude oil imports, subsequently pushing up retail fuel prices. Furthermore, significant portions of the final price at the pump are comprised of taxes levied by both the central and state governments. This taxation structure, along with varying transportation costs and regional demand-supply conditions, explains why fuel prices differ considerably across states and cities within India.