Petrol Prices Vary Across States in India Amid Global Market Fluctuations

The current price of petrol in India is ₹102.12 per liter in Delhi and ₹103.54 in Mumbai, as of August 16, 2026. Petrol prices vary across different states due to differences in state-level taxes, including VAT and additional levies. The price of crude oil, currency exchange rates, local taxes (VAT), and dealer commissions are the main factors that influence petrol prices in India.

The Indian government reviews daily petrol prices based on the benchmark international rate of the preceding 15 days. This dynamic pricing reflects fluctuations in international crude oil prices and currency exchange rates. Diesel is one of the primary sources of energy for transportation of goods in India, making changes in diesel prices directly impact inflation.