Archive · 8 Sep 2026
Indian Fuel Rates Barely Move as Iran Tensions Lift Oil
Fuel prices in many Indian cities stayed almost the same on September 8.
New Delhi petrol cost ₹102.12 per litre, while diesel cost ₹95.20.
Mumbai petrol cost ₹111.21, and Bengaluru petrol was listed at ₹110.93.
India changes fuel prices each morning, but prices have mostly stayed stable for about three months.
Oil became more expensive because fighting and threats involving the United States and Iran increased worries about supplies.
The Strait of Hormuz is important because large amounts of energy normally pass through it.
Iran was discussing a possible shipping arrangement with Oman.
OPEC also decided not to change its October 2026 oil-production targets.
Fuel prices in major Indian cities changed little on September 8, with New Delhi petrol and diesel at ₹102.12 and ₹95.20 per litre.
Mumbai fuel prices remained at ₹111.21 for petrol and ₹97.83 for diesel, while Bengaluru petrol was listed at ₹110.93 on September 8.
Brent crude rose 0.35% to about $97.34 a barrel on September 8 after gaining 0.4% the previous day amid renewed US-Iran military tensions.
The Strait of Hormuz remained a major focus as Iran reportedly neared a shipping arrangement with Oman and tensions threatened energy supplies.
OPEC’s participating countries kept their October 2026 production requirements unchanged from September, with a combined quota of 31.01 million barrels per day excluding compensation volumes.
- Who
- Indian Oil Marketing Companies, OPEC, the United States, Iran and Oman are involved in the reported developments.
- What
- Indian fuel prices were mostly stable, crude oil prices increased, and OPEC kept its October 2026 production quotas unchanged.
- When
- The fuel rates were reported for Monday, September 7, and Tuesday, September 8; the OPEC decision concerned October 2026.
- Where
- Fuel prices were reported across Indian cities, while the related military and shipping developments centered on the Strait of Hormuz and the wider West Asia region.
- Why
- Oil prices rose because renewed US-Iran military tensions raised concerns about prolonged conflict and possible disruptions to shipping and energy supplies.
Iranian Account
United States’ Account
Reported strikes and retaliation
Iranian Account
Iran’s Revolutionary Guards said Iran retaliated with counterstrikes on US warships, while Iranian accounts said Iranian forces targeted oil tankers and US-linked vessels.
United States’ Account
The United States said its forces had struck three Iranian oil tankers, including one near Kharg Island; US officials denied Iran’s claim that an American unmanned vessel was hit, calling it a “total lie.”
Shipping through the Strait of Hormuz
Iranian Account
An Iranian official said Tehran planned to announce an exclusion zone for vessels it believed were attempting to transit the waterway, while reports said Iran and Oman were nearing a shipping arrangement.
United States’ Account
The articles did not provide a separate US position on the proposed exclusion zone or the possible arrangement with Oman.
- New Delhi rates on September 8
- Petrol ₹102.12 and diesel ₹95.20 per litre
- Mumbai rates on September 8
- Petrol ₹111.21 and diesel ₹97.83 per litre
- Bengaluru rate discrepancy
- The September 8 report listed petrol at ₹110.93, while the September 7 report listed ₹110.82; diesel was listed at ₹98.80 and ₹98.77, respectively.
- Highest listed petrol price
- Hyderabad at ₹116.15 per litre
- Brent crude on September 8
- Rose 0.35%, or 34 cents, to about $97.34 per barrel in early trade
- West Texas Intermediate
- Rose 1.26%, or $1.15, to about $92.63 per barrel
- October 2026 OPEC quota
- Combined quota of 31.01 million barrels per day, excluding compensation volumes
