As of April 23, 2026, petrol prices in major Indian cities have remained stable despite fluctuations in the global crude oil market. In Delhi, petrol costs ₹94.77 per litre, while in Mumbai it is ₹103.49 per litre. Other cities like Kolkata and Chennai also report prices above ₹100 per litre. The stability comes amid ongoing tensions in West Asia affecting oil markets. However, analysts from Kotak Institutional Equities warn that fuel prices may rise by ₹25 to ₹28 per litre after the upcoming assembly elections, suggesting that the current relief for consumers may be temporary. The three major oil marketing companies in India—Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited—adjust fuel prices daily in response to global oil price movements and foreign exchange fluctuations.