Fuel Price Stability
Indian Fuel Prices Hold Steady Across Major Cities Despite Global Crude Volatility
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Key Points
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Chandigarh recorded the lowest fuel prices among the major Indian cities listed, at ₹98.10 per litre for petrol and ₹86.09 per litre for diesel. CNG prices were ₹84.09 per kilogram in New Delhi and ₹88 per kilogram in Mumbai.
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Thiruvananthapuram had the highest diesel price among the cities covered, at ₹104.40 per litre—higher than Hyderabad’s reported diesel rate—while oil marketing companies and gas distributors typically announce daily revisions at 6 a.m.
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Brent crude rose about 1% to $101.40 a barrel and WTI gained 0.8% to $93.12 after Brent had fallen more than 3% in the previous session; analysts characterized the rebound as a short-covering bounce rather than a fundamental change in the market.
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Pakistan’s government reportedly offered to suspend the petroleum levy for one year as part of efforts to address Jamaat-e-Islami’s protest, although the party said its march would continue until the levy was fully removed.
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Pakistan’s daily pricing system was introduced by the Oil and Gas Regulatory Authority on July 17, 2026, with ex-depot petrol and diesel prices revised every 24 hours in response to extreme market volatility.
Indian fuel prices held steady across most major cities on September 24, 2026, even as global crude oil remained volatile above $100 a barrel amid geopolitical tensions. NDTV Profit reported that Delhi's petrol and diesel stayed at ₹102.12 and ₹95.20 per litre respectively, while Hyderabad recorded among the highest prices at ₹115.69 and ₹103.82. The stability masks sharp regional differences driven by state taxes and fuel excise duties that vary by location.
Business Today noted that petrol was available at ₹111.21 per litre in Mumbai with diesel at ₹97.83, as India's oil marketing companies continue daily 6 a.m. price revisions. Meanwhile, Pakistan shifted to daily fuel adjustments, raising petrol by Rs4.61 to Rs393.75 per litre while cutting diesel by Rs1.96 to Rs422.80, amid political pressure over the petroleum levy.
Brent Crude Rebounds Despite Broader Uncertainty
Brent crude oil climbed about 1% to $101.40 a barrel on September 24, while US West Texas Intermediate gained 0.8% to $93.12, NDTV Profit reported. The rebound came after Brent had fallen more than 3% in the previous session. Analysts characterized the move as a short-covering bounce—traders buying back positions to close bets—rather than a shift in fundamental market conditions.
Chandigarh Offers Cheapest Petrol, Thiruvananthapuram Most Expensive Diesel
Regional fuel price gaps widened across Indian cities on September 24. Khel Ja noted that Chandigarh recorded the lowest petrol prices at ₹98.10 per litre and diesel at ₹86.09 per litre among major cities listed. Thiruvananthapuram had the highest diesel price at ₹104.40 per litre, while compressed natural gas (CNG) prices held at ₹84.09 per kilogram in New Delhi and ₹88 per kilogram in Mumbai.
Pakistan Implements Daily Price Revisions Amid Political Pressure
Pakistan's Oil and Gas Regulatory Authority introduced daily fuel price revisions on July 17, 2026, adjusting ex-depot petrol and diesel every 24 hours to respond to extreme market volatility. The government offered to suspend the petroleum levy for one year to address Jamaat-e-Islami protests, though the party demanded full removal. Newsable reported that the daily revision system reflects Pakistan's struggle to manage fuel costs amid global supply disruptions and domestic political tensions.
India's Tax Structure Locks In Regional Price Variations
India's petrol and diesel remain excluded from the national goods and services tax (GST), leaving state excise duties as the primary driver of price differences across cities. Business Today explained that oil marketing companies announce daily revisions at 6 a.m. to reflect crude movements and rupee fluctuations. This decentralized approach means consumers in high-tax states like Maharashtra pay significantly more than those in lower-tax regions like Chandigarh, a pattern that persists regardless of global crude trends.
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