Archive · 29 Sep 2026
Indian Fuel Rates Steady as Crude Prices Rise Again
Fuel prices in major Indian cities stayed the same on September 28 and September 29.
Government-owned oil companies did not raise or lower petrol or diesel prices after their morning reviews.
Petrol cost ₹102.12 per litre in New Delhi, ₹111.21 in Mumbai and ₹111.68 in Bengaluru.
Diesel cost ₹95.20 in New Delhi, ₹97.83 in Mumbai and ₹99.56 in Bengaluru.
Meanwhile, crude oil became more expensive for a second day.
Investors were worried that fighting and disagreements between the United States and Iran could affect oil supplies.
Iran said it would reopen the Strait of Hormuz if its conditions were met.
US President Donald Trump rejected Iran’s proposal, although he said more talks could take place.
State-run oil marketing companies left petrol and diesel prices unchanged on September 28 and September 29 after the 6:00 AM revisions.
On both days, petrol cost ₹102.12 per litre in New Delhi, ₹111.21 in Mumbai and ₹111.68 in Bengaluru.
Diesel prices were ₹95.20 in New Delhi, ₹97.83 in Mumbai and ₹99.56 in Bengaluru.
Brent crude rose to about $105.70 on September 28 and $105.91 on September 29, while WTI reached $93.11 and $93.32, respectively.
Oil prices gained amid US-Iran tensions and uncertainty over Iran’s conditions for reopening the Strait of Hormuz.
- Who
- State-run Indian oil marketing companies, US President Donald Trump and Iranian Foreign Minister Abbas Araqchi.
- What
- Indian petrol and diesel prices remained unchanged while international crude oil prices rose for a second consecutive session.
- When
- September 28 and September 29, after the daily 6:00 AM fuel-price revisions.
- Where
- Across India, including New Delhi, Mumbai and Bengaluru; the related diplomatic dispute concerns the Strait of Hormuz.
- Why
- Indian fuel rates were kept steady despite higher crude prices, while crude rose because of concerns that US-Iran tensions could disrupt Middle Eastern supplies and shipping.
Iran’s Position
Donald Trump’s Position
Reopening the Strait of Hormuz
Iran’s Position
Iran said the Strait of Hormuz could reopen within seven days if its conditions were met and that only a negotiated solution could resolve the deadlock.
Donald Trump’s Position
Donald Trump rejected Iran’s proposal, saying Iran wanted an immediate agreement because it was losing badly.
Diplomatic negotiations
Iran’s Position
Abbas Araqchi said Iran was waiting for mediators to communicate Washington’s definitive position before deciding how to proceed.
Donald Trump’s Position
Trump said US negotiators were expected to hold more talks with Iran, keeping open the possibility of diplomacy.
- New Delhi fuel prices
- Petrol ₹102.12 and diesel ₹95.20 per litre
- Mumbai fuel prices
- Petrol ₹111.21 and diesel ₹97.83 per litre
- Bengaluru fuel prices
- Petrol ₹111.68 and diesel ₹99.56 per litre
- September 29 Brent crude
- $105.91 per barrel, up 63 cents or 0.6%
- September 29 WTI crude
- $93.32 per barrel, up 72 cents or 0.8%
- September 28 Brent crude
- About $105.70 per barrel, up 1.3%
- Middle Eastern crude exports
- 12.8 million barrels per day in September, according to preliminary Kpler data
