Fuel Price Update: Crude Oil Slumps in Global Market, Check Today’s Petrol and Diesel Rates

New Delhi: There has been a big fall in the prices of crude oil in the international market. After the agreement between America and Iran, the movement of ships through the Strait of Hormuz has started normalising, which has brought relief to the global oil market. For the first time since March, Brent crude has slipped below the level of 80 dollars per barrel. Despite this, Indian consumers have not got any relief in the prices of petrol and diesel at present.

What was the impact of the US-Iran agreement on the oil market?

After the long-running tension in the Middle East subsided, crude oil prices have started softening in the global market. The reopening of the Strait of Hormuz has improved oil supply and reduced supply-related concerns. On Wednesday, Brent crude was seen trading around 79.53 dollars per barrel and WTI crude was seen trading around 76.62 dollars per barrel.

Why did the prices of petrol and diesel not decrease despite crude oil becoming cheaper?

Although oil has become cheaper in the international market, the prices of petrol and diesel have remained stable in the domestic market. Government oil companies did not make any change in fuel prices even on June 17, 2026. Experts believe that oil companies are still trying to recover their old losses, so the possibility of price cut is lower at the moment.

How many times did consumers have to face price hikes in May?

Common people had to face fuel inflation in May 2026. After the assembly elections, the prices of petrol and diesel were increased continuously on May 15, May 19, May 23 and May 25. Since then the prices have remained stable.

What are the prices of petrol and diesel today in major cities of the country?

In Delhi, petrol is being sold at Rs 102.12 and diesel at Rs 95.20 per litre. Whereas in Mumbai petrol is Rs 111.21 and diesel is Rs 97.83 per litre. Prices also remain high in cities like Kolkata, Chennai, Patna and Bhopal.

Why are oil companies avoiding reducing prices?

According to the Petroleum Ministry, oil marketing companies are still facing losses on fuel sales. A loss of about Rs 3 per litre on petrol and about Rs 27 on diesel has been reported. There is financial pressure on companies due to the difference between cost and selling price.

Can petrol and diesel become cheaper in the coming days?

If the prices of crude oil in the international market remain low for a long time and the supply situation remains normal, then consumers may get relief in future. However, at present there has been no indication of reduction in prices from the oil companies and the government.

How can you know the latest rates of your city sitting at home?

Oil companies update new fuel rates every morning at 6 am. Consumers can easily know the latest prices of petrol and diesel in their city through SMS service. For this, Indian Oil, BPCL and HPCL have provided different mobile services.