Indian Fuel Prices Hold Steady Amid Global Crude Price Surge

On August 19, 2026, India's domestic fuel prices remained unchanged despite Brent crude oil reaching a three-week high of $91.02 per barrel. The rise in global crude prices was driven by supply disruption fears and geopolitical uncertainty.

Brent crude oil surpassed the $91-a-barrel mark, rising 0.17% from its previous close, while West Texas Intermediate crude settled at $84.94 per barrel, up 0.52%. These price increases raise concerns about the impact of higher oil prices on the global economy.

Petrol and diesel prices in major Indian cities remained unchanged, with Delhi seeing a petrol price of Rs 102.12 per litre and diesel at Rs 95.20 per litre. Similarly, Mumbai's petrol price stood at Rs 111.18 per litre, while diesel cost Rs 97.83 per litre.

Oil marketing companies determine domestic fuel prices based on several factors, including taxes, refining costs, and currency movements. As a result, changes in global crude prices do not always translate to immediate revisions in domestic fuel prices.