Petrol and diesel prices across India remained unchanged on April 3, 2026, despite ongoing volatility in international oil markets. Fuel prices continue to remain stable domestically even as global benchmarks fluctuate. Oil marketing companies (OMCs) revise fuel prices daily at 6 a.m., but no changes were implemented on the day.
Government indications suggest efforts are being made to maintain stability in petrol and diesel prices for the time being. This has provided relief to consumers amid prevailing uncertainty in global markets.
Geopolitical tensions in West Asia have had a visible impact on global oil markets. Ongoing tensions involving Iran, the United States, and Israel have led to significant fluctuations in crude oil prices. Earlier this week, Brent Crude prices crossed $115 per barrel.
Recent indications of easing tensions have led to some softening in prices. However, uncertainty persists in the market. These developments directly affect countries dependent on oil imports, including India.
The Strait of Hormuz remains a critical route for global oil supply, with approximately 20 percent of the world’s oil passing through it. Any escalation in tensions in the region has the potential to disrupt supply chains. Current assessments indicate that the situation remains under control, preventing a sharp spike in oil prices.
Oil companies are currently avoiding abrupt price revisions to limit the immediate impact on consumers. The government is also attempting to maintain a balance, ensuring that global price fluctuations are not fully passed on to end users.
While domestic fuel prices remain stable, oil companies are facing financial pressure. Despite rising global prices, domestic retail prices have not been increased, resulting in losses for companies. The government had earlier reduced excise duty on petrol and diesel by Rs 10 per litre each, limiting the ability of companies to fully offset higher international prices.
According to reports, oil companies are incurring losses of approximately Rs 24 per litre on petrol sales and around Rs 104 per litre on diesel. These losses are currently being absorbed through company profits, though this may pose challenges if sustained over a longer period.
Fuel prices in major cities remained unchanged. In New Delhi, petrol is priced at Rs 94.77 per litre and diesel at Rs 87.67 per litre. In Mumbai, petrol is priced at Rs 103.54 per litre and diesel at Rs 90.03 per litre. In Kolkata, petrol is priced at Rs 105.45 per litre and diesel at Rs 92.02 per litre.
In Chennai, petrol is priced at Rs 100.80 per litre and diesel at Rs 92.39 per litre. In Bengaluru, petrol is priced at Rs 102.92 per litre and diesel at Rs 90.99 per litre. In Lucknow, petrol is priced at Rs 94.65 per litre and diesel at Rs 87.76 per litre.
Port Blair continues to have among the lowest fuel prices in the country, with petrol at Rs 82.46 per litre and diesel at Rs 78.05 per litre. In Jaipur, petrol is priced at Rs 104.88 per litre and diesel at Rs 90.36 per litre, while in Patna, petrol is priced at Rs 105.18 per litre and diesel at Rs 92.04 per litre.
