Petrol rates across major Indian cities remained stable on Thursday, April 23, 2026, despite the global crude oil markets remaining volatile amid tensions in West Asia. The three major oil marketing companies (OMCs) in India—Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited—revise fuel prices on a daily basis in line with global crude oil rates and fluctuations in foreign exchange. However, prices have remained unchanged in recent days.
Also Read: Petrol, diesel prices may rise Rs 25–28 per litre starting next week after Bengal Oil prices saw a slight dip after Wednesday's surge, as stalled Iran-US peace talks and ongoing shipping route restrictions, particularly the Strait of Hormuz
Petrol prices April 23
In Delhi, petrol continues to be priced at Rs 94.77 per litre, while diesel stands at Rs 87.67 per litre. Prices remain higher in Mumbai, where petrol is retailing at Rs 103.49 per litre and diesel at around Rs 90.03 per litre.
| City | Petrol Price (₹/litre) | Diesel Price (₹/litre) |
Among major metro cities, petrol prices continue to remain above ₹100 per litre in most places, including Mumbai, Bengaluru, Hyderabad and Kolkata, while diesel prices are still below the ₹100 mark. Fuel rates in India are revised daily based on global crude oil price movements and fluctuations in foreign exchange rates.
Petrol prices to go up?
As of now, there is a sign of relief among customers as the Government of India has not raised petrol or diesel prices. But this relief is not going to last forever, as reports citing Kotak Institutional Equities suggest that the fuel prices across India may increase between Rs 25 and Rs 28 per litre after the Assembly Elections. According to Kotak Institutional Equities, fuel prices across India could increase between Rs 25 and Rs 28 per litre after the assembly elections.
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