Archive · 11 Sep 2026
Indian Fuel Rates Stay Steady as Crude Oil Rally Intensifies
Petrol and diesel prices in Indian cities stayed mostly steady on 11 September.
Delhi continued to list petrol at ₹102.12 and diesel at ₹95.20 per litre.
Some other cities showed small differences between 10 and 11 September.
India normally checks fuel prices every morning at 6:00 AM.
However, prices have broadly followed the increase made on 25 May for more than three months.
At the same time, oil became more expensive around the world.
Fighting involving Iran, the United States, and Houthi forces raised worries that ships and oil supplies could be disrupted.
Brent crude moved from near $102 a barrel on 10 September toward almost $110 in US trading on 11 September.
Indian oil companies did not pass all of these international price changes on to customers.
Indian petrol and diesel prices remained broadly stable on 11 September despite slight changes in several cities.
Delhi prices were unchanged at ₹102.12 for petrol and ₹95.20 for diesel on both dates.
On 11 September, Brent crude rose toward $110 a barrel after gaining about 6% in US trading, while WTI reached around $103.40.
Houthi attacks near Saudi energy facilities and risks around regional shipping increased concerns about oil-supply disruptions.
State-run Oil Marketing Companies continued shielding Indian consumers from international price volatility after the 25 May increase.
- Who
- Indian state-run Oil Marketing Companies, Iran, the United States, Houthi forces, and officials including Donald Trump and Helima Croft.
- What
- Indian fuel prices remained broadly stable while crude oil prices rose amid escalating fighting and concerns about disrupted oil supplies.
- When
- 10 and 11 September; Indian fuel prices are revised daily at 6:00 AM, while Brent closed above $100 on 9 September and rose further on 11 September.
- Where
- Indian cities, with related fighting and shipping risks around West Asia, the Persian Gulf, the Strait of Hormuz, the Red Sea, and Saudi Arabia.
- Why
- Oil prices rose because of fears that attacks, a prolonged US-Iran conflict, and threats to shipping could disrupt energy supplies.
Iran’s Position
United States Position
Expected duration of fighting
Iran’s Position
An Iranian senior official said Tehran was prepared for a more intense and lengthy conflict, would escalate counterstrikes, and had no intention of backing down.
United States Position
US President Donald Trump downplayed concerns about the war and said it would end within weeks, ahead of November midterm elections.
Military posture
Iran’s Position
Iran said it was rebuilding military capabilities, had enough missiles for a lengthy conflict, and announced a prohibited zone near the Strait of Hormuz.
United States Position
The reports said Washington continued attacks against Tehran and claimed it had destroyed five Iranian energy tankers after a US warship evaded an attack.
Risk to energy markets
Iran’s Position
Iranian officials’ warnings and actions around the Strait of Hormuz suggested that the conflict could threaten regional shipping and energy flows.
United States Position
The United States continued military operations despite concerns about oil prices; the reports did not say that Washington accepted Iran’s assessment of a prolonged conflict.
- Delhi rates
- Petrol was ₹102.12 and diesel was ₹95.20 per litre on both 10 and 11 September.
- Mumbai rates
- Petrol was ₹111.21 and diesel was ₹97.83 per litre on both dates.
- 11 September Bengaluru rates
- Petrol was ₹110.93 and diesel was ₹98.80 per litre.
- 25 May adjustment
- Petrol and diesel prices were increased by ₹2.7 and ₹2.8 per litre, respectively.
- Brent crude
- It approached $102 a barrel on 10 September and rose nearly 6% to almost $110 in US trading on 11 September.
- West Texas Intermediate
- WTI traded around $97 a barrel on 10 September and around $103.40 on 11 September.
- Oil-flow risk
- The 10 September report said about one-fifth of global oil and liquefied natural gas flows moved through the Strait of Hormuz.
- Saudi energy facilities
- Operations at some Saudi energy facilities had halted after Houthi attacks resumed over the preceding two weeks.
