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Crude prices have been highly volatile in recent days due to ongoing conflict, will petrol, diesel prices be hiked? Check city-wise rate list
Petrol Prices Today.
Petrol, Diesel Prices on April 2, 2026: Petrol and diesel prices in India remained unchanged on April 2, 2026, even as global oil markets continue to experience sharp volatility amid geopolitical tensions in West Asia. Oil marketing companies (OMCs) update fuel prices daily at 6 AM, aligning them with movements in global crude oil prices and currency exchange rates. The daily revision mechanism is designed to promote transparency and ensure consumers receive the most up-to-date information on retail fuel prices.
However, despite fluctuations in international oil markets, the Indian government has indicated that petrol and diesel prices are expected to remain stable for now, with oil marketing companies absorbing part of the volatility to avoid sudden price shocks for consumers.
Global oil volatility amid Middle East tensions
Global crude prices have been highly volatile in recent days due to the ongoing conflict in the Middle East involving Iran, Israel and the United States. The crisis has raised concerns about potential disruptions to oil shipments through the Strait of Hormuz, a critical energy chokepoint through which nearly 20% of global oil supply passes.
Brent crude briefly surged above $115 per barrel earlier this week before easing after signs of possible de-escalation. The spike in oil prices has heightened fears of a global energy shock and rising inflation in several economies.
Despite the turbulence in global energy markets, Indian authorities have signalled that retail petrol and diesel prices will remain steady in the near term, providing relief to consumers and helping contain inflationary pressures.
Petrol, Diesel Price Today in India
Here are the petrol and diesel prices across major Indian cities on April 2, 2026:
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| New Delhi | 94.72 | 87.62 |
| mumbai | 104.21 | 92.15 |
| Kolkata | 103.94 | 90.76 |
| Chennai | 100.75 | 92.34 |
| Ahmedabad | 94.49 | 90.17 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.69 | 87.80 |
| Pune | 104.04 | 90.57 |
| Chandigarh | 94.30 | 82.45 |
| Indore | 106.48 | 91.88 |
| Patna | 105.58 | 93.80 |
| Surat | 95.00 | 89.00 |
| Nashik | 95.50 | 89.50 |
Why fuel prices differ across cities
Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central government and several state governments.
Although fuel prices are technically linked to global crude oil prices, they are also influenced by multiple regulatory and economic factors, including taxes and exchange rates.
Petrol Price Hike: Premium Petrol Prices Increased
On April 1, the price of IndianOil’s XP100 petrol, India’s first 100-octane premium fuel, was raised sharply by Rs 11 per litre to Rs 160 from Rs 149 earlier. The high-performance fuel is primarily used in luxury cars and superbikes, where higher octane levels help improve engine efficiency and performance.
Premium diesel variant Xtra Green has also seen a price revision. It will now retail at Rs 92.99 per litre, up from Rs 91.49 earlier.
After Nyara, Shell Raises Petrol Prices By Rs 7.41, Diesel By Rs 25.01
Private fuel retailers have begun raising prices, with Shell India increasing petrol and diesel rates on April 1 after a similar move by Nayara Energy, as elevated crude oil prices put pressure on margins.
In Bengaluru, petrol prices have gone up by Rs 7.41 per litre. The standard variant is now priced at Rs 119.85 per litre, while the Power variant costs Rs 129.85. Prices may differ across cities due to local taxes.
Diesel prices have seen a much sharper increase, rising by Rs 25.01 per litre. The regular variant now sells at Rs 123.52, while the premium variant is priced at Rs 133.52 per litre.
Petrol Price Hike: Will Regular Fuel Prices Be Hiked Next?
The big question now is whether regular petrol and diesel prices will also see a hike in the coming days. For now, oil companies appear to be avoiding any increase in widely used fuels due to inflation concerns. However, with global crude oil prices rising sharply and the rupee weakening, pressure on companies like BPCL, HPCL, and IOCL is steadily building.
If international oil prices remain elevated for a prolonged period, oil companies may find it difficult to absorb the losses, and revising regular fuel prices is increasingly likely.
Key factors influencing fuel prices in India include:
Crude oil prices: Global crude oil prices are the primary driver of petrol and diesel rates because crude oil is the key raw material used to produce these fuels.
Exchange rate: India imports a significant portion of its crude oil. Therefore, the value of the Indian rupee against the US dollar plays an important role in determining fuel prices. A weaker rupee generally increases import costs.
Taxes: A large portion of the retail price of petrol and diesel consists of central excise duty and state-level VAT, which vary across states and lead to differences in fuel prices between cities.
Refining costs: The cost of converting crude oil into petrol and diesel also affects retail prices. These costs depend on refinery efficiency and the type of crude oil used.
Demand and supply dynamics: Changes in fuel demand and supply conditions can also influence pricing trends in domestic markets.
How to check petrol and diesel prices via SMS
Consumers can also check the latest fuel prices in their city through SMS.
- Indian Oil customers: Send the city code followed by RSP to 9224992249
- BPCL customers: Send RSP to 9223112222
- HPCL customers: Send HP Price to 9222201122
These services allow users to quickly access the latest petrol and diesel rates without visiting fuel stations.
April 02, 2026, 07:12 IST
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