Brent and WTI crude decline after easing geopolitical tensions; here's the latest petrol and diesel price list for major Indian cities

Petrol Diesel Price Today: Global crude oil prices started the week on a weaker note after geopolitical tensions in West Asia showed signs of easing. While international oil benchmarks recorded a significant decline, petrol and diesel prices in India remain unchanged, with oil marketing companies maintaining existing retail fuel rates.

Although lower crude oil prices have raised expectations of a possible reduction in domestic fuel prices, no revision has been announced so far.

Crude Oil Prices Decline in Global Market

International crude oil benchmarks witnessed a sharp correction during the first trading session of the week.

According to market data:

• Brent Crude fell nearly 4.82% to around $92.12 per barrel.
• WTI Crude declined approximately 5.03% to $84.82 per barrel.

The fall comes after reports of reduced tensions between the United States and Iran, which improved market sentiment. Last week, crude oil prices had surged nearly 10%, with Brent briefly crossing the $100 per barrel mark for the first time since May.

Petrol and Diesel Prices Remain Stable

Despite the decline in crude oil prices, Indian oil marketing companies have not revised retail fuel prices for Monday, July 27, 2026.

Key highlights:

• No change in petrol and diesel prices.
• Fuel prices have remained unchanged since May 25, 2026.
• Oil companies continue to monitor global crude oil trends before taking any pricing decisions.

Will Petrol and Diesel Become Cheaper?

A temporary fall in international crude oil prices does not automatically lead to lower fuel prices in India.

Industry experts generally note that retail fuel prices are influenced by several factors, including:

• International crude oil prices
• Exchange rates
• Freight and transportation costs
• Refining expenses
• Central and state taxes
• Dealer commissions

A sustained decline in crude prices over a longer period is usually considered more likely to influence future retail fuel price revisions.

Fuel Price Revisions in May 2026

During May 2026, oil marketing companies revised fuel prices several times.

The increases included:

• May 15: Petrol up by ₹3.00/litre, Diesel up by ₹3.29/litre
• May 19: Petrol up ₹0.87/litre, Diesel up ₹0.91/litre
• May 23: Petrol up ₹0.87/litre, Diesel up ₹0.91/litre
• May 25: Petrol up ₹2.61/litre, Diesel up ₹2.71/litre

No retail price revision has been announced after these increases.

Latest Petrol Prices in Major Cities City Petrol Price (per litre)

Delhi	₹102.12
Mumbai	₹111.21
Kolkata	₹113.51
Chennai	₹107.77
Noida	₹102.12
Chandigarh	₹101.51
Lucknow	₹101.89
Patna	₹113.37
Ranchi	₹105.26
Bhopal	₹114.57

Latest Diesel Prices in Major Cities City Diesel Price (per litre)

Delhi	₹95.20
Mumbai	₹97.83
Kolkata	₹99.82
Chennai	₹99.55
Noida	₹97.56
Chandigarh	₹89.47
Lucknow	₹95.36
Patna	₹99.36
Ranchi	₹100.49
Bhopal	₹99.64

Impact on Oil Marketing Companies

Fluctuating crude oil prices also affect the financial performance of public sector oil marketing companies.

According to recent reports:

• Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) have reported pressure on their June quarter financial performance.
• Investors are also awaiting the quarterly earnings report of Indian Oil Corporation (IOCL) to assess the overall impact of changing crude prices.

How to Check Petrol and Diesel Prices Through SMS

Consumers can also check the latest fuel prices in their city using SMS services provided by oil companies:

• Indian Oil (IOCL): Send RSP to 9224992249
• BPCL: Send RSP to 9223112222
• HPCL: Send HPPRICE to 9222201122

Fuel prices are generally updated every day at 6:00 AM, although changes are made only when oil marketing companies revise retail rates.

Outlook

The recent correction in crude oil prices has provided some relief to global energy markets. However, domestic petrol and diesel prices continue to remain stable. Consumers may have to wait for a sustained decline in international crude prices before any possible reduction in retail fuel rates is considered.

Disclaimer: Fuel prices mentioned above are based on the latest available information and may vary depending on local taxes and state-level levies. Consumers should verify the latest rates through their nearest fuel station or official oil company platforms before refuelling.