Petrol and Diesel Prices Today, October 24: Fuel Rates Stay Steady Despite Global Crude Oil Surge

Petrol Diesel Price Today, October 24, 2026: Indian motorists have received some relief as retail petrol and diesel prices remain largely unchanged despite a sharp increase in international crude oil prices. Rising geopolitical tensions between the United States and Iran have reportedly pushed global oil benchmarks higher, raising concerns about possible inflation and future fuel price adjustments.

According to the latest reported fuel price update, petrol and diesel rates have remained stable across several major Indian cities, including Delhi, Mumbai, Jaipur, Chennai, Kolkata and Bengaluru.

Oil marketing companies in India, including Indian Oil Corporation (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL), generally update their retail fuel prices at 6 AM daily.

These prices are influenced by several factors, including international crude oil markets, currency exchange rates, taxation and domestic pricing decisions.

Here is a detailed look at the reported petrol and diesel prices for October 24, 2026, along with the factors affecting the fuel market.

Global Crude Oil Prices Jump as International Tensions Increase

International crude oil markets have witnessed a substantial rise amid concerns about potential disruptions to global energy supplies.

According to the market figures cited in the October 24 report, Brent crude increased by 3.30% to reach $116.91 per barrel, its highest reported level since April 29.

Meanwhile, West Texas Intermediate (WTI), the US crude oil benchmark, reportedly climbed 3.99% to $103.44 per barrel.

The rise has been linked to increasing tensions between the United States and Iran, which have heightened concerns about oil supply stability.

Any major disruption to production or transportation routes in oil-producing regions can influence international crude prices.

For India, which depends heavily on imported crude oil, sustained increases in global energy prices can create additional pressure on import costs, inflation and the broader economy.

However, higher international crude prices do not automatically lead to an immediate increase in petrol and diesel prices at Indian fuel stations.

Petrol and Diesel Prices Today: October 24, 2026 City-Wise Rate List

The following table presents the petrol and diesel rates reported for October 24 across 17 major Indian cities.

Note: These figures are reproduced from the supplied October 24, 2026 price report and have not been independently verified against live oil company price feeds. Actual pump prices may vary by location and dealer.

Which Indian Cities Have the Highest and Lowest Fuel Prices?

The latest reported rates reveal considerable differences in petrol and diesel costs across Indian cities.

Among the 17 locations listed, Hyderabad has the highest petrol price at ₹115.69 per litre. Thiruvananthapuram follows closely at ₹115.49, while Bhopal records ₹114.57 per litre.

Chandigarh offers the lowest petrol price in this comparison at ₹98.10 per litre.

This creates a difference of ₹17.59 per litre between Hyderabad and Chandigarh.

For a vehicle owner purchasing 40 litres of petrol, the difference would amount to approximately ₹703.60.

Diesel prices also vary significantly.

Thiruvananthapuram has the highest listed diesel rate at ₹104.40 per litre, followed by Hyderabad at ₹103.82.

Chandigarh again has the lowest reported diesel price at ₹86.09 per litre.

These variations demonstrate how regional taxation and other local pricing factors influence the final amount paid by consumers.

Petrol and Diesel Prices in Delhi, Mumbai, Jaipur and Other Major Cities

In the national capital, petrol is priced at ₹102.12 per litre, while diesel costs ₹95.20, according to the supplied update.

Mumbai motorists are paying ₹111.18 for petrol and ₹97.83 for diesel.

In Jaipur, petrol is available at a reported ₹112.69 per litre, while diesel costs ₹97.78.

Kolkata has petrol priced at ₹113.47 and diesel at ₹99.82 per litre.

Chennai records petrol at ₹107.77 and diesel at ₹99.55, while Bengaluru's reported prices stand at ₹110.93 and ₹98.80, respectively.

Consumers should remember that prices may differ even within the same metropolitan region because of state boundaries, local levies and dealer-specific pricing.

Why Have Petrol and Diesel Prices Remained Relatively Stable?

Despite frequent fluctuations in international crude oil markets, Indian retail petrol and diesel prices have experienced extended periods of stability.

One important development occurred in May 2022, when the central government reduced excise duties on petrol and diesel. Several state governments also introduced tax-related relief measures at different times.

Such changes helped reduce retail fuel costs for consumers.

However, fuel prices have not remained completely unchanged since 2022. Subsequent revisions, including the nationwide retail price reduction announced in March 2024, have also influenced prevailing rates.

Oil marketing companies consider multiple factors while determining retail prices, and global crude oil movements are not always immediately reflected at fuel pumps.

Domestic pricing decisions, taxes, distribution expenses and exchange rate movements can all affect the final selling price.

How Rising Crude Oil Prices Could Affect Indian Consumers

India imports a substantial portion of the crude oil required to meet its energy needs.

When international oil prices remain elevated for an extended period, the country's import expenditure can increase.

Higher energy costs may eventually influence transportation, logistics, manufacturing and the prices of everyday goods.

Diesel prices are particularly important because the fuel is widely used in commercial transportation, agricultural machinery and freight operations.

Any substantial increase in diesel prices can raise the cost of moving agricultural produce, food products and other essential commodities.

However, the extent and timing of any impact on retail fuel prices depend on several economic and policy factors.

How to Check Petrol and Diesel Prices in Your City

Motorists can verify the latest fuel prices through the official websites and mobile applications of Indian oil marketing companies.

The major providers include:

• Indian Oil Corporation: iocl.com

• Bharat Petroleum: bharatpetroleum.in

• Hindustan Petroleum: hindustanpetroleum.com

Customers can also contact their nearest authorised petrol pump to confirm the current selling price.

Checking the latest rate is particularly useful before long-distance travel, especially when crossing state borders where fuel taxes and retail prices may differ.

Will Petrol and Diesel Become More Expensive in the Coming Days?

The recent reported increase in global crude oil prices has renewed attention on possible changes in domestic fuel rates.

However, there is no certainty that international price increases will immediately translate into higher petrol or diesel prices in India.

Future adjustments will depend on global oil market developments, currency movements, taxation and decisions taken by oil marketing companies.

For October 24, 2026, the supplied report indicates that petrol and diesel prices remain broadly stable across major Indian cities despite the sharp rise in international crude oil benchmarks.

Motorists are advised to follow official daily price updates rather than assume that a global crude oil rally has already resulted in higher retail fuel prices.