Fuel Prices Today (27 March 2026): Check Petrol & Diesel Rates

Introduction to Fuel Prices in India

On March 27, 2026, petrol and diesel prices across major Indian cities remained unchanged, continuing a period of stability for consumers. Despite ongoing volatility in international crude oil markets and geopolitical tensions in the Middle East, retail fuel rates have not seen any significant revisions. In India, fuel prices are revised daily at 6 a.m., a system implemented in June 2017 to align domestic rates more closely with global price fluctuations. This daily pricing mechanism is managed by leading oil marketing companies (OMCs) such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum.

Today's Petrol Prices in Major Cities

Across India's metropolitan areas, petrol prices continue to vary significantly due to state-specific taxes and transportation costs. In the national capital, New Delhi, petrol is priced at ₹94.77 per litre, making it one of the most affordable among the metros. Meanwhile, consumers in Mumbai pay ₹103.54 per litre. In other major cities, the price for a litre of petrol stands at ₹105.45 in Kolkata, ₹100.84 in Chennai, ₹102.92 in Bangalore, and ₹107.46 in Hyderabad. These rates have held steady, providing a predictable cost structure for vehicle owners in the short term.

Today's Diesel Prices in Major Cities

Similar to petrol, diesel prices also remained stable across the country. In New Delhi, diesel is retailing at ₹87.67 per litre. In Mumbai, the price is ₹90.03 per litre. Other key cities show varied rates, with Kolkata at ₹92.02, Chennai at ₹92.39, Bangalore at ₹90.99, and Hyderabad at ₹95.70 per litre. The stability in diesel prices is crucial for the transport and logistics sector, as it directly impacts freight costs and, consequently, the prices of essential commodities.

Overview of CNG Prices

Compressed Natural Gas (CNG), a popular alternative fuel, also shows price variations across cities. In New Delhi, CNG is priced at ₹77.09 per kg, while in Mumbai, it is available for ₹77.00 per kg. Hyderabad has one of the higher rates at ₹96.00 per kg. These prices are influenced by local supply, distribution networks, and state-level taxation policies.

Key Factors Influencing Fuel Prices

The retail price of petrol and diesel in India is determined by several interconnected factors. The most significant is the price of crude oil in the international market, as India imports over 80% of its oil requirements. Fluctuations in global benchmarks like Brent crude directly impact the cost at which Indian OMCs procure raw material. Another critical element is the USD-INR exchange rate. Since crude oil is traded in US dollars, a weaker rupee increases the import cost, which is then passed on to consumers. Finally, central and state taxes, including excise duty and Value Added Tax (VAT), constitute a substantial portion of the final retail price, leading to the wide price disparities seen across different states.

Market Stability Amid Global Events

Despite recent fluctuations in Brent crude futures, which have been influenced by geopolitical events in West Asia, domestic fuel prices have not been revised. This stability is often attributed to a strategic approach by OMCs, potentially to shield consumers from immediate price shocks. The government has also played a role in maintaining price levels through adjustments in taxation, especially during periods of high global oil prices. This has helped keep inflation in check, as fuel costs are a significant driver of the overall inflation rate in the country.

Conclusion

As of March 27, 2026, fuel consumers in India continue to benefit from stable petrol and diesel prices. The daily pricing mechanism ensures transparency, but the final cost remains heavily dependent on global oil markets and domestic tax policies. While the current stability offers relief, future price movements will be closely tied to international crude oil trends, the performance of the Indian rupee against the US dollar, and any potential changes in government taxation strategy.