Petrol and diesel prices remain unchanged across major Indian cities
Retail fuel prices held steady on September 23 in Delhi, Mumbai, Kolkata, Chennai, Hyderabad and Bengaluru, despite marginal declines in Brent and WTI crude prices.
What happened
Indian Oil Marketing Companies · Petrol and diesel prices were unchanged across major Indian cities despite softer crude prices. State-run oil marketers
Key facts
- Brent crude: $99.20/barrel (-0.05%)
- WTI crude: $90.23/barrel (-0.32%)
- Delhi petrol: Rs 102.12/litre; diesel: Rs 95.20/litre
- Kolkata petrol: Rs 113.51/litre; diesel: Rs 99.82/litre
- Mumbai petrol: Rs 111.21/litre; diesel: Rs 97.83/litre
What changed
Petrol and diesel prices were unchanged across major Indian cities despite softer crude prices. State-run oil marketers continue to factor in currency movements, refining costs, taxes and dealer margins when setting retail fuel rates.
Why this matters
Fuel retailers face no immediate pricing-action requirement as petrol and diesel rates remain unchanged across major Indian cities.
What to watch
- Brent sustaining above or below key recent trading ranges for multiple weeks.
- Material USD/INR depreciation that raises crude import costs.
- Monthly Indian CPI, especially transport-and-fuel-sensitive components.
- OMC quarterly disclosures on inventory gains/losses and diesel/petrol marketing margins.
- Government announcements on excise-duty changes or OMC compensation.