Fuel prices in India recorded minor changes on September 7, 2026, with some metropolitan areas seeing slight adjustments. Notably, Mumbai experienced a marginal increase in both petrol and diesel rates, while prices in Delhi, Chennai, and Kolkata remained largely consistent with previous days.
Current Fuel Rates Across Major Indian Cities (September 7, 2026)
As of today, petrol and diesel prices per litre in key Indian cities are as follows:
- Delhi: Petrol ₹102.12, Diesel ₹95.20
- Mumbai: Petrol ₹111.21, Diesel ₹97.83 (a slight hike from yesterday)
- Hyderabad: Petrol ₹116.15, Diesel ₹104.23
- Kolkata: Petrol ₹113.51, Diesel ₹99.82
- Bengaluru: Petrol ₹110.82, Diesel ₹98.77
- Chennai: Petrol ₹107.94, Diesel ₹99.71
These daily revisions come as international oil prices are reportedly heading for their most significant weekly gain since July. This surge is attributed to renewed geopolitical tensions, specifically US-Iran hostilities, and ongoing concerns regarding potential disruptions in the critical Strait of Hormuz shipping lane.
Understanding India's Fuel Price Dynamics
The retail prices of petrol and diesel at the pump in India are shaped by a complex interplay of global, economic, and domestic factors. The most significant determinant is the international price of crude oil, which serves as the primary raw material for both fuels.
Another crucial variable is the rupee-dollar exchange rate. Since India is a major importer of crude oil, a weakening rupee against the US dollar increases the cost of procurement, which can directly translate into higher retail fuel prices for consumers.
Beyond global market forces, domestic taxation plays a substantial role. Both the central and state governments levy various taxes, which form a considerable portion of the final price. This dual taxation system is the primary reason why petrol and diesel rates exhibit significant variations across different states and cities within India. Additionally, transportation costs and local demand-supply dynamics also contribute to the final retail price consumers pay at the pump.