
Petrol and Diesel Prices on 5 March, 2026: Petrol prices and diesel prices in India remained largely flat on Thursday, 6 March, even as crude prices surged in the global markets amid the US-Iran conflict in the Middle East.
Iran's closure of the Strait of Hormuz has spiked crude oil prices. Brent climbed toward $85 a barrel, after jumping 12% over the first three days of the week.
However, petrol rates and diesel rates in India are till now unaffected. In Delhi, the petrol price today was flat at ₹94.77 per litre, whereas diesel has been standing at ₹87.67 per litre in the national capital, as per price notification by state-run by state-run oil companies.
Petrol and diesel prices are affected by a number of factors. One of them is the price of crude oil, which is a primary driver of fuel rates. This is because crude is the main component of petrol and diesel.
Petrol prices are feared to rise in the upcoming days if the Strait of Hormuz, an arterial route of global oil supply, remains closed in the near future amid the US-Iran war.
The rupee-dollar exchange rate also affects petrol price and diesel price in India as the country relies heavily on fuel imports. Another key factor for fluctuating fuel price is the taxes levied by the centre and states. Different states impose different taxes on fuel prices, making the price fluctuate and vary from region to region.
The cost to ferry petrol and diesel also affect their prices. Another key factor that drives petrol and diesel rates is the demand-supply dynamics. When the demand is more but supply is less, petrol and diesel rates may rise.
Swastika is a Digital Content Producer at LiveMint, covering business news and business trends. She has always been intrigued by the numbers that drive news, which has led to a passion for covering finances as a beat - be it personal finance or corporate. Originally from Kolkata, Swastika’s love for news started at home where her family made sure she read newspapers since she was a kid. <br> With over five years of experience in digital news, and one year at LiveMint, her focus includes writing on the business and personal finance beats. Swastika is a 2020 graduate from the Asian College of Journalism, Chennai, with a specialisation in New Media. Before her current role at LiveMint, she worked at major publications like The Telegraph Online, News18.com and The Economic Times. As a Digital Content Producer at LiveMint, she has extensively covered topics like income tax, Union Budget, economy, personal finance tools and cryptocurrency. <br> Swastika’s specialisations include: <br> Corporate news: Writing and breaking stories from corporates and companies <br> Business trends: Finding what's trending in business and churning original stories <br> Personal finance explainers: Writing explainers on income tax, provident fund, etc. <br> Swastika can be followed on her <a href="https://www.linkedin.com/in/swastika-das-sharma-82a464153/">LinkedIn</a> profile as well as on X at <a href="https://x.com/swastika1005">@swastika1005</a>. She can be reached by email via <a href="swastika.sharma@htdigital.in">swastika.sharma@htdigital.in</a>.