Petrol price news: Fuel rates remain stable across India amid West Asia crisis
India’s petrol and diesel prices remained unchanged on May 11, 2026, across major cities, even as concerns over energy security and fuel demand continue to grow due to the ongoing crisis in West Asia, Qazinform News Agency reports.
The steady retail fuel prices come after Prime Minister Narendra Modi urged citizens to use petrol and diesel cautiously amid global uncertainty linked to tensions in the Middle East. Despite fluctuations in international crude oil prices, domestic fuel rates have not seen any immediate changes.
India’s leading oil marketing companies - Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited - continue to revise fuel prices daily based on global crude oil trends and currency exchange rate movements. However, prices have remained stable in recent days.
In New Delhi, petrol is still priced at Rs 94.77 per litre, while diesel remains at Rs 87.67 per litre. Fuel rates continue to be higher in cities such as Mumbai, Bengaluru, Hyderabad, and Kolkata, where petrol prices stay above the Rs 100-per-litre mark. Diesel prices in these metro areas, however, remain below Rs 100 per litre.
Fuel prices in India are updated every day according to changes in global crude oil markets and fluctuations in the rupee-dollar exchange rate.
Although international oil prices have remained volatile, petrol and diesel prices in India have largely stayed steady over the last few years. Retail fuel rates have seen minimal changes since May 2022, when the government reduced excise duties and several states lowered local fuel taxes.
What influences petrol and diesel prices in India?
Several factors determine retail fuel prices in India, including international crude oil prices, the value of the Indian rupee against the US dollar, central and state taxes, transportation expenses, and overall market demand and supply conditions.
Since India imports a significant portion of its crude oil requirements, any sharp movement in global oil prices or currency exchange rates can directly affect domestic fuel prices.
Earlier, Qazinform News Agency reported that Indian Prime Minister Narendra Modi urged the revival of pandemic-era practices such as remote work and virtual meetings to help conserve foreign currency and cut reliance on energy imports.
