Fuel retail rates unchanged across major cities as Brent hovers near $95 a barrel

Petrol and diesel prices were listed at Rs 102.12 and Rs 95.20 per litre in Delhi, versus Rs 111.12 and Rs 97.78 in Mumbai. Brent’s move near $95 a barrel raises near-term risk to India’s fuel import bill, inflation and eventual retail-price revisions.

— Source publishedThu, 3 Sept, 2026, 06:36 IST·First seen Thu, 3 Sept, 2026, 07:30 IST·Source NDTV Profit

What happened

Petrol and diesel retail fuel · Petrol and diesel rates were listed across six Indian cities as Brent hovered near $95 per barrel amid US-Iran tensions. Higher

Key facts

  • Brent crude: $95.15/barrel
  • Brent settlement: $95.63/barrel
  • WTI: $91.01/barrel
  • US oil weekly gain: about 9%
  • India crude-import dependence: more than 85%
  • Delhi petrol: Rs 102.12/litre
  • Mumbai petrol: Rs 111.12/litre
  • Delhi diesel: Rs 95.20/litre
  • Mumbai diesel: Rs 97.78/litre

Why this matters

Higher crude volatility strengthens the strategic case for fuel-retail partnerships and investments that diversify earnings through convenience, EV charging and non-fuel services.