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With the rise in crude oil prices, there is growing apprehension that petrol and diesel rates might also increase. However, there is some relief as fuel prices remain unchanged from yesterday's levels.

Crude oil is under pressure due to the hostility between the US and Iran. Global prices are currently hovering around $91 per barrel. High crude oil prices are a cause for concern for a country like India, given its near-total dependence on imports.

State-owned oil marketing companies (OMCs) are on high alert following the recent hike in ATF (jet fuel) prices by up to 5.46% and the increase in commercial LPG rates. Amid this volatility and geopolitical tension, oil companies have released today's petrol and diesel rates.

Petrol and Diesel Prices Today

Today, September 2, 2026, retail prices for petrol and diesel remain stable across India's major metropolitan cities. While the government did revise the windfall tax on fuel exports effective September 1, there has been no change in the excise duty applicable to domestic consumers. Petrol prices in Delhi remain steady at ₹102.12 per liter. Let us also take a look at fuel rates in other cities.

City-wise Petrol and Diesel Prices

By How Much Was the Windfall Tax Raised?

Effective September 1, the government increased the windfall tax on petrol and diesel exports. The tax on petrol exports has been raised to ₹1.50 per liter; this entire amount will be levied as Special Additional Excise Duty (SAED). Meanwhile, the total levy on diesel exports has been increased from ₹24 to ₹25 per liter. This comprises ₹24 in SAED and ₹1 in Road and Infrastructure Cess (RIC). Meanwhile, the government marginally reduced the tax on the export of jet fuel from ₹19.50 to ₹19 per litre.