Petrol Price Today: Petrol and diesel prices remained unchanged in major Indian cities on August 24, 2026, despite a significant increase in international crude oil prices. This is because state-owned oil companies are protecting customers from the impact of geopolitical tensions such as the US-Iran conflict.

Petrol Diesel Price Today: Petrol and diesel prices remained largely stable in major Indian cities on Monday, August 24, 2026. This stability comes amid significant volatility in the global crude oil market due to tensions between the US and Iran and uncertainty surrounding the Strait of Hormuz. State-owned oil marketing companies have currently kept the sharp rise in international prices from affecting ordinary consumers.

According to the new rate list, petrol is priced at ₹102.12 per liter in Delhi, ₹111.31 in Mumbai, ₹113.51 in Kolkata, ₹107.78 in Chennai, and ₹110.82 in Bengaluru. Among the cities on the list, petrol is the most expensive in Hyderabad, at ₹115.69 per liter, while in Chandigarh it is ₹101.54 per liter.

Diesel prices are ₹95.20 per liter in Delhi, ₹97.97 in Mumbai, ₹99.82 in Kolkata, ₹99.56 in Chennai, and ₹98.77 in Bengaluru. Hyderabad also has the highest price at ₹103.82 per liter, while Chandigarh has the lowest price at ₹89.47 per liter among the cities listed.

Petrol and diesel prices today: City-wise rates

Source: Fuel prices are subject to change and may vary depending on local taxes and other factors.

India has a dynamic fuel-pricing system, under which petrol and diesel rates change daily at 6 a.m. However, oil marketing companies made the last major change on May 25, and prices have remained largely stable since then.

Meanwhile, global oil prices have seen a sharp rise. Brent crude oil rose 6.39% to close the week at $94.39 per barrel, while West Texas Intermediate (WTI) gained 5.66% to reach $87.06 per barrel. Uncertainty surrounding the Strait of Hormuz remains a major factor in global energy markets.

Against this backdrop, Iranian President Masoud Pezeshkian has reportedly stressed the need for a solution through dialogue and reason. Iran's stance on the Strait of Hormuz remains a key factor for oil markets, while US officials have stated that efforts are underway to maintain energy supplies through the Persian Gulf.

Reports also suggest that India and Mauritius recently signed a five-year agreement under which Indian Oil Corporation will supply petrol, diesel and aviation turbine fuel to Mauritius to meet its needs.