Latest Fuel Prices in India: Stability Amid Global Oil Volatility on May 8, 2026
Petrol, Diesel Fresh Prices Announced: Know Latest Fuel Rates In Your City For May 8
News 18
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On May 8, 2026, petrol and diesel prices in India remained stable despite global oil market volatility due to geopolitical tensions in West Asia. Oil marketing companies are absorbing some costs to prevent sudden price hikes for consumers, while commercial LPG prices have increased significantly, impacting businesses.
- 01Petrol and diesel prices in India remained unchanged on May 8, 2026.
- 02Global crude oil prices are volatile due to Middle East tensions.
- 03Commercial LPG cylinder prices increased from May 1, affecting businesses.
- 04Oil marketing companies are absorbing costs to stabilize retail fuel prices.
- 05Private fuel retailers have raised prices for premium fuels.
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As of May 8, 2026, petrol and diesel prices in India remain unchanged despite ongoing volatility in global oil markets driven by geopolitical tensions in the Middle East. Oil marketing companies (OMCs) are revising prices daily, but have opted to absorb some fluctuations to prevent sudden price increases for consumers. In major cities, petrol prices range from ₹94.30 in Chandigarh to ₹107.46 in Hyderabad, while diesel prices vary from ₹82.45 in Chandigarh to ₹95.70 in Hyderabad. However, commercial LPG cylinder prices have sharply increased since May 1, impacting businesses such as hotels and restaurants. The stability in retail fuel prices is a relief for consumers amidst rising global crude oil prices, which are influenced by factors including taxes, exchange rates, and local levies. The situation remains fluid, and future price adjustments may occur if crude prices continue to rise.
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The stability in petrol and diesel prices provides relief to consumers, helping to contain inflationary pressures. However, the increase in commercial LPG prices could lead to higher costs for businesses, which may be passed on to consumers.
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