Petrol and diesel prices hold steady across major Indian cities

Fuel prices were largely unchanged on August 23, with petrol ranging from ₹102.12 per litre in Delhi to ₹115.69 in Hyderabad. Diesel ranged from ₹95.20 in Delhi to ₹103.82 in Hyderabad.

— Source published Sun, 23 Aug, 2026, 09:39 IST · First seen Sun, 23 Aug, 2026, 10:09 IST · Source Business Today · Latest

What happened

Indian Oil Marketing Companies · Petrol and diesel prices remained largely unchanged across major Indian cities on August 23. Petrol ranged from ₹102.12 per

Key facts

  • Delhi: petrol ₹102.12/litre; diesel ₹95.20/litre
  • Hyderabad: petrol ₹115.69/litre; diesel ₹103.82/litre
  • Kolkata: petrol ₹113.51/litre; diesel ₹99.82/litre
  • Mumbai: petrol ₹111.31/litre; diesel ₹97.97/litre
  • Bengaluru: petrol ₹110.82/litre; diesel ₹98.77/litre
  • Chennai: petrol ₹107.78/litre; diesel ₹99.56/litre
  • May 25 increase: petrol ₹2.61/litre; diesel ₹2.71/litre

Why this matters

No material fuel-cost shift alters acquisition, network-expansion, or partnership economics, so existing diligence assumptions can remain unchanged.

What to watch

  • Crude oil movement above recent ranges and sustained INR depreciation.
  • Any government or oil-marketing-company revision to petrol and diesel prices.
  • Freight-rate increases from third-party logistics providers and regional distributors.
  • Changes in quick-commerce delivery fees, minimum-order thresholds or retailer fuel surcharges.
  • Food inflation and consumer trade-down signals that could amplify sensitivity to delivery and product-price increases.
  • Maintain current delivery-fee and freight-surcharge structures while monitoring carrier contract renewals.
  • Prioritize route density, warehouse utilization and order batching to protect margins without visible consumer price increases.
  • Use stable fuel costs to sustain targeted value promotions in high-frequency grocery and essentials categories.
  • Review exposure to long-haul replenishment, rural distribution and bulky-item delivery where a later fuel increase would have the largest impact.