NEW DELHI – Petrol and diesel prices across India held steady on June 23, 2026, offering a brief respite for consumers. This stability follows a significant upward revision on May 25, when state-owned fuel retailers increased petrol by ₹2.61 per litre and diesel by ₹2.71 per litre.
Despite global crude oil markets remaining volatile due to geopolitical tensions in West Asia and disruptions to key shipping routes, domestic fuel costs have not seen further changes today. Consumers in major metropolitan areas continue to face high prices at the pump.
Current Fuel Prices in Major Indian Cities (June 23, 2026)
- Delhi: Petrol ₹102.12 per litre, Diesel ₹95.20 per litre
- Mumbai: Petrol ₹111.21 per litre, Diesel ₹97.83 per litre
- Hyderabad: Petrol ₹115.69 per litre, Diesel ₹103.82 per litre
- Kolkata: Petrol ₹113.47 per litre, Diesel ₹99.82 per litre
- Bengaluru: Petrol ₹111.68 per litre, Diesel ₹99.56 per litre
- Chennai: Petrol ₹107.76 per litre, Diesel ₹99.55 per litre
Notably, petrol prices in Mumbai have now surpassed the ₹110 mark, reaching ₹111.21 per litre. Similarly, several other major cities, including Bengaluru, Hyderabad, and Kolkata, also report petrol prices above ₹110 per litre. Hyderabad stands out as the only major city where diesel prices have exceeded ₹100, retailing at ₹103.82 per litre.
Factors Influencing Fuel Prices in India
The retail price of petrol and diesel in India is a complex interplay of several factors:
- Global Crude Oil Prices: As India imports a significant portion of its crude oil, international market fluctuations have the most substantial impact on domestic fuel costs.
- Rupee-Dollar Exchange Rate: A weaker Indian Rupee against the US Dollar increases the cost of crude oil imports, directly affecting retail prices.
- Central and State Taxes: Both the central and state governments levy various duties and Value Added Tax (VAT) on fuel, which constitute a considerable portion of the final price and explain regional variations.
- Transportation Costs: The expense of transporting refined fuel from refineries to distribution points also adds to the overall cost.
- Demand-Supply Dynamics: Local demand and supply conditions can also influence pricing in specific regions.
These combined factors determine the daily revisions in fuel prices across different cities, though prices have remained static since the May 25 hike.