Archive · 4 Sep 2026
Indian Fuel Prices Stay Steady as Oil Gains
Fuel prices in India stayed mostly the same on 3 and 4 September.
Oil companies check prices every morning at 6:00 AM.
In Delhi, petrol cost ₹102.12 and diesel cost ₹95.20 per litre on 4 September.
Mumbai and Bengaluru had higher prices than Delhi.
The last major fuel-price increase happened on 25 May.
World oil prices changed as fighting between the United States and Iran created worries about oil supplies.
Brent oil rose more than 7% during the week and traded above $95.52 a barrel.
The Strait of Hormuz is an important route for oil and gas shipments.
Analysts said more fighting could support oil prices, while peace talks could make them fall quickly.
Petrol and diesel prices in India were largely unchanged on 3 and 4 September despite shifting crude-market conditions.
On 4 September, Delhi petrol and diesel cost ₹102.12 and ₹95.20 per litre, while Mumbai rates were ₹111.21 and ₹97.83.
Bengaluru fuel prices on 4 September were ₹111.68 per litre for petrol and ₹99.56 for diesel.
State-run Oil Marketing Companies review fuel prices daily at 6:00 AM under India’s dynamic pricing system.
Brent crude traded above $95.52 a barrel and gained more than 7% for the week as renewed US-Iran hostilities raised supply concerns.
- Who
- India’s state-run Oil Marketing Companies, Indian fuel consumers, the United States, Iran, and global oil-market participants.
- What
- Petrol and diesel prices remained largely unchanged in India on 3 and 4 September while crude prices responded to renewed US-Iran hostilities.
- When
- 3 and 4 September; the last major domestic fuel-price revision was on 25 May.
- Where
- Indian cities including New Delhi, Mumbai, Bengaluru, Kolkata, Chennai, and others; the global market concerns centered on West Asia and the Strait of Hormuz.
- Why
- Domestic fuel retailers kept rates steady despite global volatility, while renewed fighting raised concerns about disruptions to energy supplies.
Stable Domestic Pricing
Geopolitical Market Pressure
Indian fuel rates
Stable Domestic Pricing
Domestic retailers kept petrol and diesel prices largely unchanged for about three months despite movements in global energy markets.
Geopolitical Market Pressure
Renewed hostilities and possible disruptions to energy flows could increase pressure on fuel markets, even though domestic rates remained steady.
Near-term crude outlook
Stable Domestic Pricing
Dennis Kissler said the United States and Iran appeared to be seeking possible off-ramps, and that additional peace talks could quickly lower crude prices.
Geopolitical Market Pressure
Kissler also said the latest escalation should support the crude market; Brent was above $95.52 a barrel and up more than 7% for the week.
- New Delhi rates on 4 September
- Petrol ₹102.12 per litre; diesel ₹95.20 per litre
- Mumbai rates on 4 September
- Petrol ₹111.21 per litre; diesel ₹97.83 per litre
- Bengaluru rates on 4 September
- Petrol ₹111.68 per litre; diesel ₹99.56 per litre
- Domestic pricing system
- State-run Oil Marketing Companies revise petrol and diesel prices daily at 6:00 AM.
- Last major revision
- On 25 May, petrol prices rose by ₹2.7 per litre and diesel prices by ₹2.8 per litre.
- Brent crude on 4 September
- Brent futures were above $95.52 a barrel and had risen more than 7% for the week.
- Supply-risk route
- The Strait of Hormuz carried about one-fifth of global oil and liquefied natural gas shipments before the US-Iran war, according to the article.
