What is the petrol price in Delhi today?

Petrol in Delhi is ₹98.64 per litre as of May 19, 2026 (Day 80) after a second retail hike inside four days. May 15 hike: ₹94.77 → ₹97.77 (+₹3) — first revision since April 2022. May 19 hike: ₹97.77 → ₹98.64 (+₹0.87). Diesel followed the same pattern: ₹87.67 → ₹90.67 → ₹91.58 across two revisions. CNG ₹79.09 (May-15 hike only); domestic 14.2kg LPG unchanged at ₹913. Per-city May-19 deltas: Mumbai +₹0.91 (now ₹107.59), Kolkata +₹0.96 (₹109.70), Chennai +₹0.82 (₹104.49), Bangalore +₹0.98 (₹107.12), Hyderabad +₹1.22 (₹111.88). Trigger: Brent past $110, US Navy posture around Hormuz, EU sanctions package effective June 2. OMC daily under-recovery ~₹2,350 Cr at $109.88 Brent; cumulative since Feb 28 ~₹1.53 lakh-Crore. USD/INR ₹96.30. The CCEA's ~₹30,000 Cr OMC compensation framework remains in force. Big-4 IT cascade complete (TCS, Infosys, Wipro, HCL Tech all on optional 4-day WFH).

How much did Indian fuel prices increase during the 2026 Iran war?

Only ₹3/L on petrol + ₹3/L on diesel + ₹2/kg on CNG — the May 15, 2026 hike that ended a four-year retail freeze (last revision May 22, 2022). Three reasons the consumer-facing increase was so modest despite Brent at ~$109/bbl: (1) OMC margin absorption — public-sector OMCs IOC, BPCL, HPCL had been absorbing ~₹2,225 Cr/day pre-hike (May 14) and currently run at ~₹2,350 Cr/day post-hike (Brent $109.47); cumulative ~₹1.46 lakh-Cr stays parked on their balance sheets pending a ~₹30,000 Cr Centre compensation mechanism. (2) Excise cut of ₹10/L on petrol (from ₹13 to ₹3) since 2022 — fiscal cost ~₹1.55 lakh Cr annualized. (3) India sources 36% of crude from Russia at a discount. The bulk of the crude shock is absorbed by OMC balance sheets and government revenue, not consumers.

How much LPG cylinder costs in India during the war?

Domestic 14.2kg LPG cylinder costs ₹913 in Delhi after a ₹60 hike on March 7, 2026. Black market premium up to ₹4,000/cylinder reported in some areas. Delivery delays of 7-45 days affecting 43% of households. Commercial 19kg cylinder hiked massively to ₹3,071.50 in Delhi after May 1, 2026 jump of ₹993 — the third increase since the war began (Mar 4 +₹114.50, Apr 1 +₹195-218, May 1 +₹993, total +₹1,303 / ~+62%). Restaurants, hotels, and street vendors absorb the shock.

Which Indian states have fuel rationing or supply issues?

Diesel container sales restrictions are active in Uttar Pradesh, Maharashtra, Madhya Pradesh, Bihar, Jharkhand, and Northeast states (Assam + others). LPG delivery delays of 15-30 days reported in rural areas of Bihar, Kerala, and Karnataka. Auto-LPG crisis in Bengaluru. Major refineries (Jamnagar, Mathura, Panipat, Visakhapatnam, Mangaluru) operating normally.

India fuel watch

Tracking the impact of the West Asia conflict on India's petrol, diesel, LPG prices, oil marketing companies, and 1 lakh+ fuel outlets.

Fuel prices remain stable in India despite rising global oil prices as government policy and OMC margin absorption cushion pump prices.

Retail fuel prices in India respond gradually to global crude movements due to taxes, refinery margins and policy decisions.

Market indicators

Brent Crude

USD/barrel

WTI Crude

USD/barrel

USD / INR

Exchange Rate

Gold (24K)

₹/10g

Natural Gas

USD/MMBtu

Source: OilPriceAPI (Brent, WTI), Yahoo Finance (Gold, Gas, Forex)

OMC loss meter

HIGH Margin Pressure

Petrol Under-recovery -- per litre

Diesel Under-recovery -- per litre

Daily OMC Loss -- Petrol + Diesel + LPG combined

Source: PIB, Nomura via ANI, BusinessToday, Emkay Global · See the 4-year price-difference history →

Excise duty cut (Mar 27)

Petrol Excise----

Diesel Excise----

Fiscal cost of tax cut--

% of OMC losses offset--

Source: PIB, Nomura

OMC stock impact

Moody's WarningMargin & cash-flow pressure

Nayara (private) hike+₹5.30 petrol, +₹3 diesel

Source: Yahoo Finance, Moody's

Who absorbs the fuel shock?

Consumers

Pump prices stable

No retail hike since Apr 2022. Shielded by govt policy.

Government

Excise cut ₹10/L

Fiscal cost ₹1.55L Cr/yr. Offsets 30-40% of OMC losses.

OMCs

₹2,450 Cr/day loss

IOC, BPCL, HPCL absorb the gap. Stock prices down 15-23%.

Supply status across India

--Retail outlets

--Days of stock

NoRationing ordered

ActiveOvernight depots

Source: PIB, PPAC, NDTV, BusinessToday

India LPG supply situation

Domestic LPG (14.2 kg)

Delivery delays7-45 days

Black market premiumUp to ₹4,000

Ujjwala refill gap45 days min

Hike (Mar 7)+₹60/cylinder

Import dependency~60%

Import sources--

New connections--

Source: IOCL, Goodreturns, BusinessToday, ORF

Commercial LPG (19 kg) Hiked May 1

May 1 hike--

Apr 1 hike+₹195-218

Mar 4 hike+₹114.50

3 hikes since war began+₹1,303 total (~+62%)

OMC under-recovery--

ImpactRestaurants, hotels, street vendors

Production--

Requirement--

Source: NewsX, NewsGram, The Core

Global petrol prices (₹ per litre)

Comparison of petrol prices across major economies. India's four-year price freeze ended on May 15, 2026 when public-sector OMCs raised petrol +₹3/L.

# Country Price per litre ₹/L

Hong Kong₹386

Germany₹215

United Kingdom₹181

South Korea₹122

Japan₹111

Brazil₹110

Pakistan₹110

China₹103

USA₹100

India (Delhi) +87p May 19₹98.64

Bangladesh₹89

Saudi Arabia₹54

Source: GlobalPetrolPrices, EIA, OGRA, Fuel Finder UK, Goodreturns. India: ₹97.77 effective May 15, 2026 (post-hike). Other countries: May 2026 spot. ₹ equivalent at current exchange rates.

War impact: pre-war vs now

How petrol prices changed across major economies since the West Asia conflict began

Country	Now (₹/L)	Pre-war	Change	Tax	Pricing	Notes
Hong Kong	₹300–340	₹290	+33%	~22%	Market driven	High margins + land costs
Germany	₹200–220	₹170	+26%	~55–60%	Tax regulated	Energy tax + CO₂ + VAT
UK	₹175–195	₹152	+19%	~60%	Tax driven	Fuel duty + 20% VAT
South Korea	₹120–140	₹100	+22%	~40%	Tax adjusted	Temp fuel tax reductions
Brazil	₹110–130	₹93	+18%	~40%	Partial market	Petrobras pricing
Japan	₹110–125	₹100	+11%	~45%	Subsidy stabilised	Govt subsidies to refiners
China	₹100–120	₹86	+20%	~35%	Pricing band	NDRC crude price window
Pakistan	₹105–115	₹82	+34%	~30%	Govt controlled	PKR 366/L (OGRA Apr '26)
USA	₹95–105	₹71	+42%	~15%	Market driven	$4.06/gal avg (AAA Apr '26)
India (Delhi)	₹97.77	₹94.77	+3.2%	~55%	Administered	Freeze ended May 15, 2026 — first hike in 4 years
Bangladesh	₹85–95	₹84	+6%	~25%	Semi regulated	Auto-pricing formula
Saudi Arabia	₹50–58	₹53	+2%	~10%	Subsidized	SAR 2.18/L (Aramco)

Current prices (May 2026) from GlobalPetrolPrices, EIA, OGRA, Fuel Finder UK. Pre-war prices (Sep 2025, Brent ~$72/bbl) from GlobalPetrolPrices historical data. All converted to ₹/litre at prevailing exchange rates. % change reflects each country's policy response — tax cuts, subsidies, price freezes, or full pass-through. Tax data from Tax Foundation, RAC Foundation, PPAC, Kwiksure. India's ₹97.77 from IOCL — effective May 15, 2026, after the first retail hike in four years. The +3.2% understates the absorbed shock — OMCs ate the bulk of the crude move; the consumer share is just the ₹3/L pass-through.

Tax breakdown by state

Central excise (post Mar 27 cut)

Petrol: Base excise--

Petrol: SAED--

Petrol: Total central tax--

Diesel: Base excise--

Diesel: SAED--

Diesel: Total central tax--

Why prices differ by state

Retail fuel prices = Base price + Central excise + State VAT + Dealer commission. Central excise is uniform across India, but each state sets its own VAT rate. This is why Mumbai petrol costs ₹103.54 while Delhi pays ₹94.77.

Tax share in retail price40-55%

Highest VAT state (petrol)Telangana (35.2%)

Lowest VAT state (petrol)A&N Islands (1%)

State-wise VAT on petrol and diesel

State	Petrol VAT	Diesel VAT

Source: ClearTax, PPAC (as of Apr 2025). State VAT rates unchanged after central excise cut.

Consumer impact calculator

See how much more you'd pay if fuel prices were market-linked (compared to current frozen prices).

Monthly petrol (litres)

Monthly diesel (litres)

LPG cylinders/month

Note: Retail fuel prices haven't changed, but OMCs are absorbing the loss. If prices were market-linked, this is what you'd pay. Source: PPAC, RBI

Fuel policy & supply timeline

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