1 hr ago
Indian Fuel Rates Mostly Steady Despite Crude Oil Rise
Fuel prices in many Indian cities stayed almost the same on September 7.
Mumbai petrol became slightly more expensive than the day before.
In New Delhi, petrol cost ₹102.12 per litre and diesel cost ₹95.20.
Other cities, including Bengaluru, Hyderabad and Thiruvananthapuram, had different prices because state taxes vary.
The price of Brent crude oil rose by 0.4%.
This happened while the United States and Iran reported renewed military tensions.
The Organization of the Petroleum Exporting Countries decided not to change its October 2026 oil production targets.
Iran said it targeted some ships, but the United States denied that an American unmanned vessel had been hit.
Fuel prices across much of India remained largely unchanged on Monday, September 7.
Mumbai petrol rose marginally to ₹111.21 per litre from ₹111.18 the previous day.
New Delhi petrol and diesel prices stood at ₹102.12 and ₹95.20 per litre, respectively.
Brent crude futures gained 0.4% amid renewed military exchanges involving the United States and Iran.
The Organization of the Petroleum Exporting Countries kept its October 2026 production quotas unchanged from September.
- Who
- Indian Oil Marketing Companies, the Organization of the Petroleum Exporting Countries, Iran and the United States are involved in the developments described.
- What
- Indian fuel rates were mostly unchanged, Mumbai petrol rose slightly, Brent crude increased 0.4%, and October 2026 oil quotas remained unchanged.
- Where
- Fuel prices were reported across Indian cities, while the related military and shipping developments occurred around the Strait of Hormuz.
- When
- Monday, September 7; the Organization of the Petroleum Exporting Countries decision concerned October 2026 production.
- Why
- Domestic rates were largely maintained despite higher crude prices and renewed military exchanges involving Iran and the United States.
Iranian Account
United States’ Account
Reported attack on American vessel
Iranian Account
An Iranian official account said Iran had targeted several United States-linked vessels, and Iran claimed an uncrewed American military vessel was struck in the Strait of Hormuz.
United States’ Account
The United States military called the claim that Iran struck an uncrewed American military vessel a “total lie.”
Shipping restrictions in the Strait of Hormuz
Iranian Account
A top Iranian official said Tehran planned to announce an exclusion zone for vessels it believes are attempting to transit the waterway.
United States’ Account
The United States position described in the article rejected Iran’s claim about the vessel strike; no separate American position on the proposed exclusion zone was provided.
Key facts
- Mumbai petrol
- ₹111.21 per litre, up from ₹111.18 the previous day
- New Delhi fuel rates
- Petrol ₹102.12 and diesel ₹95.20 per litre
- Bengaluru fuel rates
- Petrol ₹110.82 and diesel ₹98.77 per litre
- Highest listed petrol rate
- Hyderabad at ₹116.15 per litre
- Brent crude
- Rose 0.4% on Monday
- October 2026 OPEC quota
- Kept unchanged from September 2026 levels
- Combined OPEC quota
- 31.01 million barrels per day, excluding compensation volumes
Quotes
OPEC
The Organization of the Petroleum Exporting Countries, reporting the participating countries’ production decision
“The seven participating countries decided to maintain September 2026 required production for October 2026,”
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Sources
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