On May 11, 2026, petrol and diesel prices in India remained stable despite ongoing global oil market volatility driven by geopolitical tensions in the Middle East. Oil marketing companies (OMCs) adjust fuel prices daily to reflect changes in global crude oil prices and currency exchange rates. The Indian government has indicated that domestic fuel prices are likely to remain steady for the near term, providing relief to consumers amidst rising inflationary pressures. However, commercial LPG prices saw a significant increase on May 1, impacting businesses reliant on bulk fuel supplies. Major cities such as New Delhi, Mumbai, and Kolkata report petrol prices around ₹94.72 to ₹104.21 per litre, while diesel prices range from ₹82.45 to ₹95.70 per litre. Factors affecting fuel prices include crude oil rates, the exchange rate of the Indian rupee, and local taxes. While regular fuel prices are stable for now, rising global crude prices and a weakening rupee may pressure OMCs to revise prices in the future.