Petrol Price Today In India: Fuel Crosses ₹100 in Delhi After Fourth Hike in Two Weeks

India’s petrol price is affected by several factors, including international crude oil prices, domestic tax structures, and currency exchange rates. Petrol prices in India have become significantly higher than in some of its neighboring countries. On the one hand, this surge in price can be driven by the higher taxes imposed on petrol in India.

On the other hand, India’s fuel market is facing significant retail pressure. State-run oil marketing companies (OMCs) did a major price hike, marking the fourth fuel rate increase in less than two weeks. They increased the petrol prices by Rs 2.61 per liter and diesel by Rs 2.71 per liter on Monday. Due to the elevated global crude oil prices and weakening rupee, the import costs have increased for oil marketing companies. And this, in turn, puts pressure on OMCs to increase prices.

The Primary Fundamental Drivers for Petrol Price in India:

1. The ongoing tensions between the US and Iran, along with geopolitical risk, continue to weigh on energy prices worldwide, especially for countries like India that import petrol. The Middle East conflict has led to severe supply chain uncertainty, particularly surrounding crucial transit choke points like the Strait of Hormuz. These disruptions cause a shortage amid high demand, pushing prices through the roof.
2. The Indian crude oil basket averaged $107.96 a barrel in May. Brent crude futures fell slightly to $98.59 in early Monday morning trade, weighed down by tentative diplomatic talks between the US and Iran, but the long period of prices above $100 has pressed OMCs to pass on costs to recover under-recovery losses built up.
3. The net landed cost of crude imports has also been further boosted by a weakening Indian rupee (INR) against the US dollar, as India depends on foreign oil to meet more than 85% of its domestic demand.

Petrol Price in India Today Varies Across Major Cities:

As of May 25, 2026, petrol prices have hiked across major hubs. This hike puts pressure on retails market and consumers. When the petrol price crosses 100 rupees in Delhi, it will inevitably cause an inflationary impact on daily essentials, vegetable logistics, and manufacturing. This would reflect on the final goods prices and, in turn, would impact consumer expenditure.

City	Price	Price Change
New Delhi	102.12	+2.61
Kolkata	113.47	+2.86
Mumbai	111.18	+2.73
Chennai	107.77	+2.46

Impact of Petrol Price Hike in India on Major Public Oil Stocks:

The price hikes allowed public oil shares like HPCL, BPCL, and IOC to rally between 3.9% and 5.8% today. Because equity markets reacted positively to the margins being defended. The timing of this fourth price hike also had a compounding positive impact on stock valuations, as the same morning saw a sharp intraday cooling in global crude futures.

Right now, global markets are navigating their most volatile period in recent history. Brent crude is trading between $98 and $105 per barrel. Commodity desks and institutional investors are eyeing a number of key, dynamic catalysts that could rapidly alter the market’s direction.

• The US-Iran Peace Talks and the Strait of Hormuz. This is the single most important wildcard on the table. As we saw, an immediate intraday drop of 5.5% in Brent crude oil occurred early Monday. This was driven by fresh rumors that the US and Iran are inching closer to a peace deal.
• Rapid global inventory depletion. Even if the Strait of Hormuz opens tomorrow, institutional desks like Barclays note that the structural damage to global supply chains remains intact. Inventories are drawing down by an estimated 6 to 8 million barrels per day only during the last two quarters.