Petrol

Petrol, diesel prices in your city today: Indian oil firms are incurring heavy losses by selling fuel at current prices despite global market volatility. Check fuel rates in Bengaluru, Mumbai, Delhi and other cities.

Petrol and diesel prices in major cities such as Bengaluru, Mumbai, Delhi, Hyderabad, and Chennai, among others, remained largely unchanged on Friday. Check fuel rates today in your city here.

The government raised petrol prices by 55 rupees ($0.20 per litre) to 321.17 rupees, while diesel was increased to 335.86 rupees per litre, marking one of the largest adjustments in recent years.

Government sources said fuel prices in India will not rise as the country’s energy stock position improves. New Delhi has increased crude imports by 10% from sources outside the Strait of Hormuz to reduce supply risks.

The Indian government will not ration petrol and diesel, citing sufficient stocks. GAIL plans to declare force majeure for gas supply amid energy challenges from the West Asia conflict. The country is exploring new gas markets and negotiating with oil producers.

China has ordered its largest oil refiners to halt diesel and petrol exports amid escalating conflict in the Persian Gulf, which is affecting crude supply. The directive aims to prioritise domestic needs as regional refiners reduce operations due to the crisis.

Petrol price, diesel price today, 6 March: 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.

The rise in crude oil prices poses significant risks for India's economy and its oil marketing companies, particularly as OMC stocks decline amidst escalating Middle East tensions. A spike in Brent crude prices could lead to retail fuel price increases, impacting overall market stability.