With international crude oil prices reaching $100 per barrel, oil companies are incurring a loss of ₹5 per litre on petrol and ₹23 per litre on diesel.
No change in petrol and diesel prices today
Due to constant fluctuations in the global oil market, the average price of crude oil has now reached nearly $100 per barrel. This is the highest in the last three months. Furthermore, the consumption of essential fuels like petrol and diesel has also increased. Overall, ordinary consumers across the country are currently under significant pressure as they are forced to pay higher prices at fuel stations.
Oil companies are suffering losses.
According to a recent report by credit rating agency ICRA, state-owned fuel retailers are losing ₹5 per litre on petrol and ₹23 per litre on diesel, as international crude oil prices have reached $100 per barrel, the highest since July.
Brent crude oil rose more than 3.4% to close at $101.21 per barrel on Wednesday and rose to near $102 in this morning's session, its highest level since July. Meanwhile, the US benchmark also rose nearly 3.25% to cross $96.05 per barrel.
Petrol-diesel price today
In New Delhi, petrol is selling for ₹102.12 per liter and diesel for ₹95.20 per liter, while prices are higher in Mumbai, where petrol costs ₹111.21 per liter and diesel ₹97.83 per liter. Petrol and diesel prices in India have remained completely stable since May 25, 2026. This means that state-owned oil companies (IOCL, BPCL, HPCL) have not made any changes to retail prices for over three and a half months.
City-wise petrol-diesel prices
| City | Petrol Price (per litre) | Diesel Price (per litre) |
| Delhi | Rs 102.12 | Rs 95.20 |
| Mumbai | Rs 111.31 | Rs 97.97 |
| Kolkata | Rs 113.51 | Rs 99.82 |
| Chennai | Rs 107.78 | Rs 99.56 |
| Gurugram | Rs 102.97 | Rs 95.94 |
| Patna | Rs 113.35 | Rs 99.36 |
| Nagpur | Rs 111.90 | Rs 98.20 |
| Shimla | Rs 102.31 | Rs 94.34 |
| Gwalior | Rs 114.30 | Rs 99.35 |
Will the prices of petrol and diesel increase?
Domestic petrol and diesel prices do not change immediately after international crude oil prices rise. Oil companies first assess the average crude oil price for a few days or weeks. If crude oil prices remain above $100 for a month, companies will begin raising prices in instalments to avoid a sudden burden on the general public.
