Petrol and diesel prices across India remained stable on June 17, 2026, holding steady after a notable increase on May 25. This stability follows a period of volatility where state-owned oil marketing companies (OMCs) had raised rates multiple times.
The last significant hike, which occurred on May 25, saw petrol and diesel prices jump by ₹2.61 to ₹2.87 per litre nationwide. This was the fourth such increase in less than two weeks, primarily driven by escalating global crude oil costs and a weakening Indian rupee against the US dollar.
Current Fuel Prices in Major Indian Cities (June 17, 2026)
- Delhi: Petrol ₹102.12/litre, Diesel ₹95.20/litre
- Mumbai: Petrol ₹111.21/litre, Diesel ₹97.83/litre
- Hyderabad: Petrol ₹115.73/litre, Diesel ₹103.82/litre
- Kolkata: Petrol ₹113.47/litre, Diesel ₹99.82/litre
- Bengaluru: Petrol ₹110.89/litre, Diesel ₹98.80/litre
- Chennai: Petrol ₹108.01/litre, Diesel ₹99.78/litre
While prices in Delhi remain under ₹105 for petrol and ₹100 for diesel, other metropolitan areas like Mumbai, Bengaluru, and Kolkata continue to see petrol rates above ₹110 per litre. Diesel prices in these cities generally stay below the ₹100 mark, with Hyderabad being an exception where diesel is over ₹103 per litre.
Factors Influencing Fuel Prices in India
Several critical factors contribute to the final retail price of petrol and diesel at the pump. The most significant is the international price of crude oil, which forms the base cost of these refined products. Given India's heavy reliance on crude oil imports, global market fluctuations directly impact domestic rates.
Another crucial element is the rupee-dollar exchange rate. As crude oil is typically traded in US dollars, a depreciation of the Indian rupee makes imports more expensive, leading to potential price increases for consumers.
Furthermore, both central and state governments levy various taxes on fuel, which constitute a substantial portion of the final retail price. These differing tax structures are the primary reason why fuel prices vary significantly from one state or city to another. Additional factors include transportation costs and local demand-supply dynamics, which also play a role in determining the rates consumers pay.