Fuel prices across major Indian cities remained largely unchanged on August 5, 2026, marking a period of stability since the last significant revision on May 25. State-owned Oil Marketing Companies (OMCs) had previously increased petrol prices by ₹2.61 per litre and diesel prices by ₹2.71 per litre at that time.
Despite some fluctuations in global crude oil prices, which settled lower last week amidst hopes for resumed shipping via the Strait of Hormuz following US-Iran discussions, domestic rates have held steady.
Current Fuel Rates in Key Indian Cities (August 5, 2026)
- Delhi: Petrol is priced at ₹102.12 per litre, and diesel at ₹95.20 per litre.
- Mumbai: Residents continue to pay above ₹110 for petrol, with rates at ₹111.21 per litre. Diesel is retailing at ₹99.82 per litre.
- Hyderabad: Petrol stands at ₹115.69 per litre, and diesel at ₹103.82 per litre.
- Kolkata: Petrol is ₹113.51 per litre, while diesel is available at ₹99.82 per litre.
- Bengaluru: Consumers are paying ₹111.68 per litre for petrol and ₹99.56 per litre for diesel.
- Chennai: Petrol rates are ₹107.76 per litre, with diesel at ₹99.55 per litre.
Factors Influencing India's Fuel Prices
The retail price of petrol and diesel in India is a complex interplay of several global 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 element is the rupee-dollar exchange rate. As India heavily relies on imported crude oil, a weakening rupee against the US dollar directly increases the cost of procurement, which can translate into higher retail fuel prices for consumers.
Furthermore, both central and state governments levy various taxes, including excise duty and Value Added Tax (VAT), which constitute a substantial portion of the final price. These differing tax structures are a primary reason why fuel prices vary significantly from one state or city to another. Additional factors like transportation costs and local demand-supply dynamics also contribute to the final rate observed at the pump.