On May 3, 2026, diesel prices across major Indian cities showed no change, remaining stable despite fluctuations in global crude oil markets influenced by tensions in West Asia. In Delhi, the price was ₹87.67 per litre, while in Mumbai it was ₹90.03, Bengaluru ₹90.99, Kolkata ₹92.02, Chennai ₹92.39, and Hyderabad recorded the highest at ₹95.70. The stability in fuel prices comes amid heightened political sensitivity ahead of assembly election results in West Bengal, Tamil Nadu, Assam, Kerala, and Puducherry. Diesel prices in India are primarily driven by global crude oil prices and the exchange rate of the Indian rupee against the US dollar. A weaker rupee increases procurement costs, directly impacting retail prices. Additionally, variations in diesel prices across cities are largely due to different tax structures imposed by central and state governments, along with local transportation costs and demand conditions.