Petrol, diesel rates hold across major Indian cities as Brent nears $106 a barrel
Retail fuel prices were broadly unchanged on September 17. Hyderabad remained the costliest among major metros at ₹115.71/litre for petrol and ₹103.84/litre for diesel, while Delhi prices stood at ₹102.12 and ₹95.20 respectively.
What happened
Indian fuel retail market · Petrol and diesel prices remained broadly unchanged across major Indian cities on September 17. Hyderabad recorded the highest metro
Key facts
- National average petrol: ₹111.21/litre
- National average diesel: ₹97.83/litre
- Mumbai petrol: ₹111.18/litre
- Mumbai diesel: ₹97.83/litre
- Delhi petrol: ₹102.12/litre
What changed
Petrol and diesel prices remained broadly unchanged across major Indian cities on September 17. Hyderabad recorded the highest metro rates, while Delhi remained lower. Brent crude near $106 per barrel and rupee movements remain key risks to future retail fuel pricing.
Why this matters
Stable pump prices preserve near-term demand visibility, but Brent near $106 and rupee weakness raise margin-pressure risk if pricing remains constrained.
What to watch
- Brent sustaining above $100-$105 per barrel for multiple weeks
- INR depreciation versus the US dollar and changes in Indian crude import costs
- Reported marketing margins or under-recoveries at Indian oil marketing companies
- Central excise-duty or state VAT announcements
- Changes in LPG, aviation turbine fuel, freight, and commercial transport pricing