As of May 5, 2026, petrol prices in major Indian cities remain stable, with rates such as ₹94.72 per litre in New Delhi and ₹104.21 in Mumbai. Diesel prices also hold steady, with New Delhi at ₹87.62 and Mumbai at ₹92.15. This stability comes amid significant global oil market volatility driven by geopolitical tensions in the Middle East, particularly involving Iran, Israel, and the United States. The situation raises concerns over potential disruptions in oil shipments through the Strait of Hormuz, a critical energy route. Despite these global fluctuations, Indian authorities indicate that domestic fuel prices are likely to remain stable, with oil marketing companies (OMCs) absorbing some of the volatility to prevent sudden price shocks for consumers. However, commercial LPG prices have seen a sharp increase from May 1, impacting businesses such as hotels and restaurants. Additionally, premium fuel prices have been adjusted upward, reflecting rising global energy costs. Consumers can check the latest fuel prices via SMS services provided by major oil companies.