Oil marketing companies updated rates at 6 AM, keeping retail prices stable across major cities. Authorities signalled that prices will stay steady in the near term, absorbing volatility to shield consumers from sudden shocks.
Global crude prices surged above $115 per barrel earlier this week as conflict involving Iran, Israel, and the United States raised fears of supply disruptions through the Strait of Hormuz. Nearly 20% of global oil shipments pass through this critical chokepoint. Although prices eased after signs of de-escalation, concerns about inflation and energy security remain high.
Indian consumers gained relief as petrol and diesel prices stayed constant. In New Delhi, petrol stood at Rs 94.72 per litre and diesel at Rs 87.62. Mumbai recorded petrol at Rs 104.21 and diesel at Rs 92.15, while Chennai reported Rs 100.75 and Rs 92.34 respectively. Hyderabad saw the highest rates, with petrol at Rs 107.46 and diesel at Rs 95.70.
Fuel prices differ across cities due to varying state taxes, refining costs, and exchange rate impacts. Crude oil prices, rupee-dollar value, and demand-supply dynamics also influence retail rates.
Consumers can check daily prices via SMS. Indian Oil customers send the city code followed by RSP to 9224992249. BPCL customers send RSP to 9223112222. HPCL customers send HP Price to 9222201122.
The SCB Hospital fire tragedy may dominate headlines, but fuel stability offers some economic reassurance amid global uncertainty.
Petrol, Diesel Price Today in India
Here are the petrol and diesel prices across major Indian cities on March 16, 2026:
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| New Delhi | 94.72 | 87.62 |
| Mumbai | 104.21 | 92.15 |
| Bhubaneswar | 101.11 | 92.69 |
| Chennai | 100.75 | 92.34 |
| Ahmedabad | 94.49 | 90.17 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Kolkata | 103.94 | 90.76 |
| Pune | 104.04 | 90.57 |
| Chandigarh | 94.30 | 82.45 |
| Indore | 106.48 | 91.88 |
| Patna | 105.58 | 93.80 |
| Surat | 95.00 | 89.00 |
| Nashik | 95.50 | 89.50 |
