Fuel Prices Remain Steady Amid Global Oil Volatility on April 26, 2026
Petrol, diesel rates on 26 April — Check fuel prices today in Delhi, Mumbai, Chennai, Kolkata, Bengaluru & other cities
Mint
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On April 26, 2026, petrol and diesel prices in India remained unchanged despite volatility in global oil markets due to geopolitical tensions in West Asia. Analysts predict potential price hikes post-elections, but the government has denied any such plans.
- 01Fuel prices in India remained stable on April 26, 2026.
- 02Geopolitical tensions in West Asia are impacting global oil prices.
- 03Analysts suggest potential price hikes after assembly elections.
- 04The government has dismissed claims of imminent fuel price increases.
- 05India imports nearly 85% of its crude oil, making it vulnerable to price fluctuations.
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Petrol and diesel prices in India remained steady on April 26, 2026, despite ongoing volatility in global oil markets caused by geopolitical tensions in West Asia. State-run oil marketing companies (OMCs) adjust fuel rates daily based on international crude prices and currency exchange rates. While OMCs have raised prices for premium fuels and industrial diesel, which account for about 4% of total sales, the government has refuted recent claims suggesting that prices could rise significantly after the assembly elections, stating that no such proposal is under consideration. A report from Kotak Institutional Equities indicated a possible increase of ₹25–28 per litre if crude oil prices remain around $120 per barrel. The Union Bank report highlighted the risks associated with rising oil prices, noting that India, which imports nearly 85% of its crude oil, is particularly vulnerable to these fluctuations, leading to an
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Rising fuel prices could lead to increased transportation costs and inflation, affecting everyday expenses for consumers.
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