As of April 29, 2026, petrol and diesel prices in India have remained unchanged, with petrol priced at ₹94.72 per litre in New Delhi and diesel at ₹87.62. This stability comes despite significant volatility in global oil markets driven by ongoing geopolitical tensions in the Middle East, particularly involving Iran, Israel, and the United States. The conflict has raised concerns over potential disruptions in oil shipments through the Strait of Hormuz, a crucial energy route. Indian authorities have indicated that domestic fuel prices are likely to remain stable in the near term, as oil marketing companies (OMCs) absorb some of the volatility to prevent sudden price shocks for consumers. However, premium fuel prices have seen increases, with Indian Oil raising the price of its XP100 petrol by ₹11 per litre to ₹160. Private fuel retailers like Shell India and Nayara Energy have also raised their prices, particularly in Bengaluru where petrol increased by ₹7.41 per litre. The key factors influencing fuel prices include global crude oil rates, exchange rates, taxes, and refining costs. Consumers can easily check the latest fuel prices through SMS services provided by major oil companies.