Petrol, Diesel Prices Today, March 22: Check City-Wise Rates In Delhi, Mumbai, Bengaluru And Other Major Indian Cities

Petrol, Diesel Price Today in India: Petrol and diesel prices in India remain unchanged on Sunday, 22 March 2026. Fuel rates stayed steady for the second straight day in major cities such as Delhi, Mumbai, Bengaluru, and Chennai, as Oil Marketing Companies (OMCs) maintained existing prices despite rising geopolitical tensions in the Middle East. 

Meanwhile, crude oil prices in global markets have been witnessing sharp fluctuations over the past few days amid tensions between the United States and several Middle Eastern countries. The Middle East Conflict was began on February 28 and now enters its third week when the United States and Israel launched coordinated strikes on Iran, triggering a swift retaliatory response from Tehran.

Petrol and Diesel Price Today in Major Indian Cities

Fuel Price Hike: Industrial Diesel Up 25% 

Amid mountainous cost pressures, state-run oil marketing companies in India on Friday increased prices of industrial diesel and premium petrol. Bulk industrial diesel rates were raised by Rs 21.92 per litre, marking a 25% surge, while premium petrol saw a hike of Rs 2 per litre.

Why Rising Crude Oil Prices Matter for India 

India imports nearly 88 per cent of its crude oil requirement, making the country highly sensitive to fluctuations in international oil markets. Crude oil is refined into fuels, such as petrol and diesel, meaning any sustained rise in global prices can directly affect India’s fuel costs. 

If international crude prices remain elevated for a prolonged period, India’s import bill could increase significantly. This may also put pressure on inflation and the broader economy. 

Why Are Gas Prices Increasing Today?

Concerns over fuel prices are increasing as global crude oil prices have surged due to fears of supply disruptions linked to the ongoing conflict in West Asia. According to Reuters, there are growing expectations that energy exports from Gulf countries could be affected if the crisis escalates further. Market anxiety has also intensified after Kuwait began shutting down production at some oilfields due to storage limitations. 

Meanwhile, India’s reliance on imported LNG has grown as domestic gas production remains weak while demand from city gas networks, fertilizer plants, and industries continues to rise. 

How Fuel Prices Are Decided in India

Petrol and diesel prices in India have largely remained unchanged since May 2022, when the government reduced excise duties to ease inflationary pressure. 

Fuel prices are updated daily at 6 am by Oil Marketing Companies (OMCs), including Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum. 

However, the final retail price is influenced by several factors: 

Global crude oil prices

 The rupee-US dollar exchange rate 

Central and state taxes 

Refining and transportation costs

Will Petrol and Diesel Prices Rise Soon? 

With global crude oil benchmarks climbing due to geopolitical tensions in West Asia, concerns are growing among consumers about a possible rise in petrol and diesel prices. 

Energy experts say the situation remains uncertain. If crude prices remain elevated for a long period or supply disruptions worsen, domestic fuel prices in India could eventually face upward pressure. 

For now, however, petrol and diesel rates across major cities continue to remain unchanged.

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