Petrol and Diesel Prices Today: Fuel Rates Remain Unchanged Amid US-Iran Tensions; Check Latest City-Wise Prices
Oil marketing companies keep petrol and diesel prices steady despite ongoing geopolitical concerns and fluctuations in global crude oil markets
State-owned oil marketing companies have released the latest petrol and diesel prices for Saturday, July 18, 2026. Despite continued geopolitical tensions between the United States and Iran, there has been no change in domestic fuel prices, offering temporary relief to consumers across the country.
Petrol and diesel prices continue to remain stable in major Indian cities, with oil companies maintaining the same retail rates as the previous day. Although international crude oil prices remain under close watch due to global developments, their impact has not translated into any revision in domestic fuel prices so far.
Petrol and Diesel Prices in Major Metro Cities
Here are the latest fuel rates in India's key metropolitan cities:
| City | Petrol (₹/Litre) | Diesel (₹/Litre) |
|---|---|---|
| New Delhi | ₹102.12 | ₹95.20 |
| Mumbai | ₹111.21 | ₹97.83 |
| Kolkata | ₹113.47 | ₹99.82 |
| Chennai | ₹107.78 | ₹99.55 |
| Jaipur | ₹112.66 | ₹97.78 |
Residents in Jaipur continue to pay ₹112.66 per litre for petrol and ₹97.78 per litre for diesel, with prices remaining unchanged.
Latest Fuel Prices in Other Major Cities
Oil companies have also kept fuel prices unchanged in several other cities:
| City | Petrol (₹/Litre) | Diesel (₹/Litre) |
|---|---|---|
| Gurugram | ₹102.97 | ₹95.64 |
| Noida | ₹101.96 | ₹95.44 |
| Bengaluru | ₹111.37 | ₹99.26 |
| Bhubaneswar | ₹109.92 | ₹100.92 |
| Chandigarh | ₹98.10 | ₹86.09 |
| Hyderabad | ₹115.69 | ₹103.82 |
| Lucknow | ₹102.63 | ₹96.07 |
| Patna | ₹113.35 | ₹99.36 |
| Thiruvananthapuram | ₹115.49 | ₹104.40 |
Why Do Petrol and Diesel Prices Change?
Petrol and diesel prices in India are revised daily by public sector oil marketing companies. The updated rates are announced every morning at 6:00 AM and are determined by several factors, including:
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International crude oil prices
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Rupee-Dollar exchange rate
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Refining and transportation costs
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Central and state taxes
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Dealer commissions
Even minor fluctuations in these factors can influence fuel prices across different states.
How Fuel Prices Affect Everyday Life
Fuel prices have a direct impact on household budgets as well as the broader economy. Higher petrol and diesel prices increase transportation costs, which can eventually affect the prices of essential goods, food items, and logistics services.
From daily commuters and cab operators to farmers, traders, and businesses, fuel costs play an important role in overall expenses. This is why consumers closely monitor daily price revisions announced by oil companies.
Global Tensions Remain in Focus
The ongoing geopolitical developments involving the United States and Iran continue to keep global energy markets on alert. Any significant disruption in crude oil supply routes or production could influence international oil prices, which may eventually affect domestic fuel rates if sustained over a longer period.
However, as of today, Indian consumers will continue to purchase petrol and diesel at the existing prices, with no revision announced by oil marketing companies.
Note: Petrol and diesel prices may vary slightly from one city to another due to differences in local VAT and other state-level taxes. Consumers can also check the latest fuel rates through their respective oil company's official website or mobile application before refuelling.