As of May 10, 2026, petrol and diesel prices in India have remained stable, with petrol priced at ₹94.72 per litre in New Delhi and diesel at ₹87.62 per litre. This stability comes amid global oil market volatility driven by geopolitical tensions in the Middle East, particularly involving Iran and Israel. Despite fluctuations in international crude oil prices, Indian authorities have indicated that domestic fuel prices are likely to remain steady, with oil marketing companies (OMCs) absorbing some of the market volatility to protect consumers from sudden price shocks. However, commercial LPG prices have seen a significant increase, impacting businesses and industrial users. For instance, the price of a 19-kg commercial LPG cylinder rose sharply from May 1. Consumers can stay updated on fuel prices through SMS services provided by major oil companies. Factors influencing fuel prices include global crude oil rates, exchange rates, taxes, and refining costs, all of which contribute to the final retail price.