India Fuel Prices Stable Amid Global Oil Surge

Petrol and diesel prices across major Indian cities remained unchanged on Sunday, March 15, 2026, providing continued relief to consumers amid escalating global oil market volatility triggered by the ongoing conflict in the Middle East.

Oil marketing companies, which review fuel rates daily at 6 a.m. based on international crude prices and currency fluctuations, held prices steady in key urban centers. In New Delhi, petrol was priced at 94.77 rupees per litre and diesel at 87.67 rupees per litre. Similar stability prevailed in other cities, with Mumbai seeing petrol at 103.54 rupees per litre and diesel at 90.03 rupees, Kolkata at 105.41 rupees for petrol and 92.02 rupees for diesel, Chennai at 100.93 rupees for petrol and 92.39 rupees for diesel, and Bengaluru at 102.96 rupees for petrol and 90.99 rupees for diesel. These rates have shown no variation since May 2022, reflecting a deliberate policy to shield domestic markets from external shocks.

The decision comes as international Brent crude oil prices surged above 100 dollars per barrel, with recent peaks reaching 115 dollars earlier in the week before easing slightly to around 113 dollars. The volatility stems from...