On May 14, 2026, petrol and diesel prices in India remained unchanged, despite ongoing global oil market volatility driven by geopolitical tensions in West Asia. The Indian government has assured consumers that domestic fuel prices will remain stable for the time being, as oil marketing companies (OMCs) absorb some of the fluctuations in global crude oil prices. This approach aims to mitigate inflationary pressures and provide relief to consumers. Major cities such as New Delhi, Mumbai, and Kolkata report petrol prices ranging from ₹94.30 to ₹107.46 per litre, while diesel prices vary from ₹82.45 to ₹95.70 per litre. The stability in fuel prices follows tax cuts implemented by the central and state governments since May 2022. However, private fuel retailers have started raising prices for premium fuels, indicating potential future increases for regular petrol and diesel if global crude prices continue to rise. Factors influencing fuel prices include crude oil rates, exchange rates, taxes, refining costs, and market demand.