Petrol Diesel Price Today: International crude oil prices declined after reports suggested China is working to revive diplomatic talks between the United States and Iran, easing concerns over global oil supply. Despite the drop in crude prices, petrol and diesel rates in India remain unchanged. Here's a look at today's fuel prices and the latest developments in the global oil market.

Crude Oil Prices Retreat on Fresh Diplomatic Hopes

Global crude oil prices ended lower on Friday after renewed optimism over diplomatic efforts in West Asia.

According to market reports, China is attempting to facilitate fresh dialogue between the United States and Iran. The possibility of renewed negotiations has reduced fears of supply disruptions, leading to a decline in international crude prices.

Although crude oil recorded a sharp fall during the latest trading session, prices remain significantly higher compared to the previous week, reflecting continued geopolitical uncertainty.

Petrol and Diesel Prices Remain Unchanged

India's state-owned oil marketing companies have kept petrol and diesel prices unchanged despite volatility in global crude oil markets.

Fuel prices have remained stable since May 25, 2026, even though international oil prices have witnessed substantial fluctuations.

Earlier this year, tensions in West Asia pushed crude prices higher. However, domestic retail fuel prices were not revised immediately despite the increased cost burden on oil marketing companies.

Why Did Crude Oil Prices Decline?

Several developments contributed to the decline in crude oil prices during Friday's trading session.

The key reasons include:

• China is reportedly encouraging fresh diplomatic talks between the United States and Iran.

• Expectations of easing geopolitical tensions have reduced concerns about disruptions in global oil supplies.

• Investors booked profits after crude oil prices surged sharply earlier in the week.

• Improved market sentiment led both Brent and WTI crude contracts to close lower.

Despite Friday's correction, crude oil prices have still gained nearly 10% over the past week, highlighting ongoing uncertainty in global energy markets.

Fuel Prices Were Revised Multiple Times in May

Although petrol and diesel prices have remained unchanged since late May, retail fuel prices were increased several times earlier in the month.

The major revisions were:

• May 15, 2026: Petrol increased by ₹3.00 per litre, while diesel rose ₹3.29 per litre.

• May 19, 2026: Petrol became costlier by 87 paise, while diesel increased by 91 paise.

• May 23, 2026: Petrol again rose 87 paise, while diesel increased 91 paise.

• May 25, 2026: Petrol increased by ₹2.61 per litre, while diesel became ₹2.71 per litre costlier.

Since then, retail fuel prices have remained unchanged across the country.

Petrol Prices in Major Cities

According to the latest rates issued by oil marketing companies:

Diesel Prices in Major Cities

Latest Crude Oil Market Update

International benchmark crude prices closed lower after a volatile trading session.

• Brent Crude settled at $96.78 per barrel, down 3.88%.

• US West Texas Intermediate (WTI) crude closed at $89.31 per barrel, declining 3.12%.

Even after Friday's losses, crude oil prices have gained roughly 10% over the past week, supported by geopolitical risks in West Asia.

Can Fuel Prices Rise Again?

Energy market analysts believe the outlook remains uncertain.

If geopolitical tensions escalate again or negotiations fail, global crude oil prices could move significantly higher. Some analysts believe Brent crude could even test the $120 per barrel level if supply disruptions intensify.

A sustained rise in international crude prices could increase cost pressures on Indian oil marketing companies and eventually influence domestic fuel pricing decisions.

For now, however, petrol and diesel prices across India continue to remain unchanged despite ongoing fluctuations in the global oil market.

Disclaimer: Fuel prices are revised by oil marketing companies based on international crude oil prices, exchange rates and government policies. Prices may vary slightly across cities due to local taxes and transportation costs.