Current Fuel Prices in Major Indian Cities Amid Geopolitical Tensions
Petrol, diesel prices today: OMCs bleed Rs 1,000 crore a day, check fuel rates in Delhi, Mumbai, Kolkata, Bengaluru, other cities
India
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Fuel prices in India remain stable despite rising geopolitical tensions affecting global oil supply. Prime Minister Narendra Modi's recent speech has prompted concerns over energy security and potential price hikes. As of May 12, petrol and diesel prices in major cities like New Delhi, Mumbai, and Kolkata remain unchanged.
- 01Prime Minister Modi urged citizens to reduce fuel and edible oil consumption.
- 02Geopolitical tensions, especially between the US and Iran, are impacting global oil supply.
- 03Fuel prices in India have remained unchanged despite volatility in the oil market.
- 04Oil Marketing Companies revise prices daily based on global crude prices.
- 05Current petrol prices in New Delhi stand at ₹94.77 and diesel at ₹87.67.
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As of May 12, fuel prices in India have remained stable despite ongoing geopolitical tensions affecting the global oil market. Prime Minister Narendra Modi recently addressed the nation, urging citizens to reduce consumption of fuel and edible oil, and to avoid purchasing gold for the upcoming year. This call comes amid concerns over energy security, particularly due to disruptions in key sea routes like the Strait of Hormuz, which are critical for crude oil and liquefied petroleum gas (LPG) supply. Oil Marketing Companies (OMCs) adjust petrol and diesel prices daily, typically around 6 AM, in line with global crude oil prices and currency exchange rates. In major cities, petrol prices are as follows: New Delhi at ₹94.77, Kolkata at ₹105.45, and Mumbai at ₹103.54. Diesel prices are also stable, with New Delhi at ₹87.67 and Mumbai at ₹90.03.
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Stable fuel prices may provide temporary relief to consumers amid rising global tensions, but ongoing geopolitical issues could lead to future price increases.
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