India's Petrol Prices Hit ₹115.01 per Liter Amid Global Market Fluctuations

Petrol prices in India are determined by various factors, including global crude oil prices and local taxes. As of August 16, 2026, the current petrol price in Rajkot is ₹115.01 per liter.

The Indian government has a system of dynamic pricing, where petrol prices change daily based on international crude oil prices and currency exchange rates. This means that even small fluctuations in global markets can impact domestic fuel prices.

Petrol prices vary across different states in India due to differences in local taxes, including value-added tax (VAT) and additional levies. For example, in Delhi, the current petrol price is ₹102.12 per liter, while in Mumbai it is ₹103.54 per liter.