
International crude oil prices have climbed nearly 10% over the past week amid fresh geopolitical concerns, raising fears of higher fuel costs globally. However, Indian consumers have largely been spared from a nationwide price hike, with petrol and diesel rates remaining unchanged in most major cities on Sunday, July 26. Oil marketing companies (OMCs) continue to revise retail fuel prices every day at 6 am based on global crude prices, exchange rates, freight costs and state-level taxes.
While Delhi, Mumbai, Bengaluru, Kolkata and several other cities reported no change in fuel prices, a few locations witnessed marginal revisions. Chennai recorded a reduction of Rs 1.34 per litre in petrol and Rs 1.37 per litre in diesel. These variations are primarily due to differences in Value Added Tax (VAT), dealer commissions and local levies imposed by state governments.
Also Read: Petrol, Diesel Prices Today (July 24): Fuel Rates in Mumbai, Bengaluru, Hyderabad & More
| City | Petrol (Rs /Litre) | Diesel (Rs /Litre) |
| Delhi | Rs 102.12 | Rs 95.20 |
| Mumbai | Rs 111.21 | Rs 97.83 |
| Kolkata | Rs 113.51 | Rs 99.82 |
| Chennai | Rs 107.76 | Rs 99.55 |
| Bengaluru | Rs 110.93 | Rs 98.80 |
| Hyderabad | Rs 115.73 | Rs 103.82 |
The sharp rise in international crude oil prices has been driven by renewed geopolitical tensions and concerns over global supply disruptions. Despite this, retail fuel prices in India have remained largely stable as public sector oil marketing companies continue to absorb part of the cost pressure. Industry experts say future price revisions will depend on the movement of global crude oil, the rupee-dollar exchange rate and government policy decisions.
Consumers can check the latest petrol and diesel prices through the official websites and mobile apps of Indian Oil, Bharat Petroleum and Hindustan Petroleum, or by using the SMS service offered by the respective oil companies. Fuel prices are updated every morning at 6 am, making it advisable for motorists to verify the latest rates before refuelling.
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