Overview
- Fuel retailers reported no change to petrol, diesel or CNG retail rates on Friday, August 14, 2026, with city-level lists published for major metros.
- City prices show clear variation driven by state taxes, for example New Delhi petrol at about ₹102.12/l and diesel ₹95.20/l while Mumbai petrol is roughly ₹111.18–111.21/l.
- Indian Oil, BPCL and HPCL set domestic pump prices each day at 6 AM and have kept retail levels aligned with a major OMC revision implemented on May 25, 2026, to shield consumers from short-term crude swings.
- Global factors keep the risk of future rises: Brent has eased toward about $87 a barrel but the Iran conflict, attacks on tankers, uncertainty over the Strait of Hormuz, and an IEA warning of a deeper supply shortfall leave upside risk to prices.
- Policymakers and markets are watching military and trade moves for their impact on shipping and crude flows, including U.S. statements on the ability to sustain a naval blockade of Iran, which could tighten supplies and push pump rates higher.