
Petrol and diesel prices in India stayed unchanged on April 2, 2026, despite significant fluctuations in global oil markets driven by geopolitical tensions in West Asia.
Despite changes in global oil prices, the Indian government has signaled that petrol and diesel rates are likely to stay stable for the time being, as oil marketing companies are absorbing some of the volatility to prevent sudden price increases for consumers.
Oil marketing companies (OMCs) revise fuel prices every day at 6 AM, adjusting them in line with changes in global crude oil prices and currency exchange rates.
This daily update system is intended to enhance transparency and ensure that consumers have access to the latest retail fuel price information.
| Cities | Petrol Price | Diesel Price |
|---|---|---|
| Ahmedabad | 94.49 | 90.17 |
| New Delhi | 94.72 | 87.62 |
| Mumbai | ₹103.54 | ₹90.01 |
| Bengaluru | 102.92 | ₹90.99 |
| Chennai | ₹100.85 | ₹92.40 |
| Kolkata | ₹105.41 | ₹91.80 |
| Chandigarh | 94.30 | 82.45 |
Asian shares reversed gains at the start Thursday, falling more than 1.4% and US equity-index futures retreated 1% as Trump spoke about the attacks in an address to the nation. Treasuries fell with the yield on the benchmark 10-year rising four basis points to 4.36%. Brent crude oil jumped 4.2% to above $105 a barrel.
Oil prices jumped by more than $4 on Thursday after U.S. President Donald Trump announced that the United States would continue its attacks on Iran, including targeting energy and oil facilities, over the coming weeks without setting a clear timeline for ending the war, Reuters reported.
Brent crude futures rose $4.88, or 4.8%, to $106.04 per barrel by 0200 GMT. U.S. West Texas Intermediate crude futures were up $4.17, or 4.2%, to $104.29 per barrel.
The president said at the top of his address that he wanted to "discuss why Operation Epic Fury is necessary for the safety of America and the security of the free world," showing that part of the goal for Wednesday's speech was to take on the confusion that has persisted as he and his administration have shifted their reasons for launching the mission and its objectives, AP reported.
But Wednesday night, Trump did not offer any new explanations.
He maintained that Iran cannot have a nuclear weapon, calling such a prospect "an intolerable threat."
Though he and his administration insisted that the US and Israel obliterated Iran's nuclear program in strikes last summer, he said Wednesday that Iran sought to rebuild its nuclear program after those strikes at a new different location. He did not offer details but said it indicated Iran was not backing away from its nuclear ambitions. He also said Iran was building a vast arsenal of ballistic missiles that were a threat to America's homeland, AP reported.
(With inputs from agencies)
Mausam Jha is a journalist who focuses on world affairs and politics. She provides clear, informative reporting with a good understanding of both global events and their local impact. <br><br> Her clear, accessible reporting on political and international issues makes her a trusted source of news and analysis. <br><br> For the past three years, Mausam has worked with Mint, covering national politics, IR—including elections—and global affairs.<br> Before joining her current role, she gained experience working with The Statesman, ANI, and Financial Express, where she honed her skills in political and international news. <br><br> She has consistently tracked key electoral battles, including US elections, Japan elections, policy debates, and strategic affairs, explaining how global currents, from great power competition to regional conflicts <br><br> Beyond journalism, Mausam has a deep engagement with international relations, diplomacy, war studies, terrorism, political history, and political theory. She is particularly interested in the intersection of statecraft and society on how governance, ideology, and institutions shape lived realities, and how politics shape today's world order. <br><br> An avid reader of classical literature and political thought, she constantly explores the connections between historical ideas and contemporary policy challenges.