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As of 7 March 2026, the petrol price in New Delhi stands at Rs 94.77 per litre, with no change recorded from yesterday. Diesel prices also remain stable at Rs 87.67 per litre. Despite global crude oil volatility, domestic fuel rates have held steady for the second consecutive day.

Why Has the Petrol Price in New Delhi Not Changed Today?

Petrol and diesel prices remained unchanged on 6 and 7 March 2026, even as crude oil prices surged due to rising geopolitical tensions between the United States and Iran.

Market watchers note that while international crude has been volatile, domestic pricing often lags due to government regulations, taxation, and the dynamic fuel pricing system.

LPG Prices Hiked from 7 March 2026

The price of domestic LPG cylinders has been increased with effect from Saturday, 7 March, with the cost of a 14.2-kg household cooking gas cylinder rising by Rs 60 across the country, according to ANI citing sources.

A 14.2-kg household LPG cylinder now costs:

• Delhi: Rs 913 (up from Rs 853)
• Mumbai: Rs 912.50 (up from Rs 852.50)
• Kolkata: Rs 930 (up from Rs 879)
• Chennai: Rs 928.50 (up from Rs 868.50)

For commercial 19-kg cylinders, the price has risen:

• Delhi: Rs 1883 (up from Rs 1768.50)
• Mumbai: Rs 1835 (up from Rs 1720.50)
• Kolkata: Rs 1990 (up from Rs 1875.50)
• Chennai: Rs 2043.50 (up from Rs 1929)

This is the first LPG price hike since April 2025. The increase affects both households and businesses like restaurants and hotels.

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, assured that India has no energy shortage and fuel supply remains uninterrupted. Indian Oil Corporation also confirmed that reports of petrol and diesel shortages are false.

What Are the Diesel Prices Today Across Major Indian Cities?

Here’s a quick snapshot of petrol and diesel prices in major Indian cities on 7 March 2026:


Prices are higher in metropolitan cities like Mumbai, Kolkata, and Hyderabad due to state taxes and transportation costs.

How Do Global Developments Affect Fuel Rates in India?

Fuel prices in India are closely linked to international crude oil markets. Recent price volatility has been driven by:

• Rising tensions in West Asia
• Potential supply disruptions through the Strait of Hormuz
• Global crude oil price fluctuations

Even minor geopolitical developments can influence domestic petrol and diesel rates over time.

What Factors Influence Petrol and Diesel Prices in India?

Several key factors determine fuel prices in India:

• International crude oil price – The primary raw material for petrol and diesel.
• Rupee–US dollar exchange rate – A weaker rupee makes imported crude costlier.
• Taxes and duties – Central and state levies form a significant portion of the retail price.
• Transportation and logistics costs – Affect how fuel is priced in different regions.
• Demand and supply dynamics – Higher demand or supply disruptions can push prices up.

Will Petrol and Diesel Prices Rise Soon?

While prices have remained stable for now, experts warn that fluctuations in crude oil, the rupee-dollar exchange rate, and geopolitical tensions could lead to changes in the coming days. Consumers are advised to monitor daily petrol and diesel price updates to stay informed.