Fuel prices remain a significant concern for consumers and businesses alike, and today's rates reflect a complex interplay of international market dynamics, taxation policies, and local economic factors. Here's a look at the current petrol and diesel prices across major Indian cities as of January 24, 2026.
Petrol Prices Across Major Cities
Petrol prices in Indian metro cities are as follows:
- Delhi: ₹94.77 per liter
- Mumbai: ₹103.54 per liter
- Kolkata: ₹105.41 per liter
- Chennai: ₹101.06 per liter
- Bangalore: ₹102.98 per liter
- Hyderabad: ₹107.50 per liter
Other cities include:
- Chandigarh: ₹94.30 per liter
- Lucknow: ₹94.51 per liter
- Jaipur: ₹104.72 per liter
- Patna: ₹105.41 per liter
- Thiruvananthapuram: ₹107.48 per liter
- Gurgaon: ₹95.65 per liter
- Noida: ₹95.12 per liter
- Bhubaneswar: ₹101.35 per liter
The highest petrol rates were recorded in Andhra Pradesh at ₹109.57 per liter, while the lowest was seen in Dadra and Nagar Haveli at ₹92.51 per liter.
Diesel Prices Across Major Cities
Diesel rates in major cities are currently:
- Delhi: ₹87.67 per liter
- Mumbai: ₹90.03 per liter
- Kolkata: ₹92.02 per liter
- Chennai: ₹92.49 per liter
- Bangalore: ₹90.99 per liter
- Hyderabad: ₹95.70 per liter
Other cities include:
- Chandigarh: ₹82.45 per liter
- Lucknow: ₹87.71 per liter
- Jaipur: ₹90.21 per liter
- Patna: ₹91.49 per liter
- Thiruvananthapuram: ₹96.21 per liter
- Gurgaon: ₹87.97 per liter
- Noida: ₹88.19 per liter
- Bhubaneswar: ₹92.69 per liter
The average price of diesel around the world was $1.23 U.S. Dollar per liter as of January 19, 2026.
Factors Influencing Fuel Prices
Several factors contribute to the fluctuations in petrol and diesel prices in India. These include:
- International Crude Oil Prices: Global crude oil prices have a direct impact on domestic fuel prices.
- Rupee-Dollar Exchange Rate: Fluctuations in the exchange rate affect the cost of importing crude oil.
- Domestic Tax Structure: Central and state taxes constitute a significant portion of the retail price of fuel.
- Geopolitical Tensions: Supply risks and geopolitical tensions can also influence fuel prices.
Global Market Trends
In the broader global context, gasoline futures for delivery in New York Harbor fell to near $1.8 per gallon as of January 21st, influenced by the outlook of oversupply. The average price that retail consumers in the US pay for diesel fuel is $3.53, which is a 2.05% increase from last week.
Future Expectations
Fuel companies are expected to increase prices for petroleum products, with diesel prices potentially rising by ₹1.20 to ₹1.40 per liter starting January 27, and gasoline prices also increasing by 30 to 50 centavos a liter. This potential hike is attributed to supply risks, stronger demand, and continued geopolitical tensions.
