Fuel Prices Steady in India Amid Global Oil Market Volatility
Petrol, diesel price today (April 5): Check fuel cost in your city as West Asia conflict enters day 37
The Economic TimesImage: The Economic Times
On April 5, 2026, petrol and diesel prices in India remained unchanged despite ongoing geopolitical tensions in West Asia affecting global crude oil markets. Authorities indicate that retail prices will likely stay stable in the near term, as oil marketing companies absorb some of the volatility to mitigate consumer impact.
- 01Petrol and diesel prices have not changed since May 2022.
- 02Brent crude oil prices are around $109 per barrel due to geopolitical tensions.
- 03Oil marketing companies are absorbing volatility to stabilize retail prices.
- 04Premium fuel prices have increased, with XP100 petrol now priced at ₹160 per litre.
- 05Consumers can check fuel prices via SMS services provided by oil companies.
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As of April 5, 2026, petrol and diesel prices in India remain stable, with petrol priced at ₹94.72 per litre in New Delhi and diesel at ₹87.62 per litre. This stability comes despite significant global crude oil volatility, particularly due to ongoing geopolitical tensions in West Asia involving Iran, Israel, and the United States. Brent crude oil prices are hovering around $109 per barrel, raising concerns about potential supply disruptions through the Strait of Hormuz, a critical shipping route for global oil. Indian authorities have indicated that retail fuel prices are expected to remain stable in the near term, with oil marketing companies absorbing some of the market volatility to prevent sudden price increases for consumers. However, premium fuel prices have seen revisions, with XP100 petrol now costing ₹160 per litre, reflecting adjustments due to rising global oil costs. Consumers can easily check the latest fuel prices in their city through SMS services offered by oil marketing companies.
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The stability in fuel prices helps prevent sudden increases in transportation costs, which can affect consumer prices and inflation rates.
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