Fuel prices hold in major cities as Centre trims export levies
Petrol and diesel prices were largely unchanged on September 19 across major Indian cities despite Brent crude at $107.82 a barrel. Effective September 16, the Centre cut the petrol export levy by ₹1 per litre to ₹0.50 and diesel levy by ₹5 per litre to ₹20.
What happened
Indian fuel retail market · Petrol and diesel retail prices were largely unchanged across major Indian cities on September 19 despite elevated crude prices. The
Key facts
- Brent crude: $107.82 per barrel
- WTI crude: $104.86 per barrel
- Delhi petrol: Rs 102.12/litre
- Delhi diesel: Rs 95.20/litre
- Mumbai petrol: Rs 111.21/litre
What changed
Petrol and diesel retail prices were largely unchanged across major Indian cities on September 19 despite elevated crude prices. The Centre reduced petrol and diesel export levies effective September 16, potentially affecting refiners and domestic fuel-market economics.
Why this matters
Keep pump-price messaging steady while monitoring whether lower export levies improve fuel availability, refinery supply terms, or station-level margins.
What to watch
- Brent crude holding above $100 per barrel for multiple weeks or moving materially higher.
- Any revision to Indian petrol or diesel retail prices, excise duties, export levies or state VAT.
- Rupee depreciation that raises landed crude costs despite stable dollar oil prices.
- Oil-marketing-company commentary on under-recoveries, dealer commissions, refinery utilization and inventory losses.
- Changes in trucking freight rates, delivery-partner fuel surcharges and urban mobility volumes.