Fuel Prices Steady: Check City Rates

• Global oil prices dropped after a Iran ceasefire, but India's petrol/diesel prices remained largely unchanged on April 8.
• Prices vary across India: Hyderabad petrol at ₹107.46/litre, Chandigarh’s diesel at ₹82.45/litre, reflecting local factors.
• The Strait of Hormuz, vital for 20-30% of global oil trade, saw Iran tighten control after Feb attacks, impacting markets.

Petrol, Diesel Prices Today, April 8: Global crude oil prices experienced one of the largest single-day declines in history following President Donald

Trump’s announcement of a two-week ceasefire with Iran. This diplomatic development, which depends on the safe reopening of the Strait of Hormuz, quickly removed the premium that had pushed prices to record levels earlier this year. Despite this, retail petrol and diesel prices in India remained mostly unchanged on April 8, as oil marketing companies (OMCs) generally base pump rates on a 15-day average of international crude prices. OMCs update petrol and diesel prices daily at 6 AM to maintain transparency and keep consumers informed of the latest rates.

City-wise Petrol and Diesel Prices

City	Petrol Prices/ltr	Diesel Prices/ltr
Delhi	94.77	87.67
Mumbai	103.54	90.03
Kolkata	105.41	92.02
Chennai	100.80	92.39
Ahmedabad	94.49	90.17
Bengaluru	102.99	91.06
Hyderabad	107.46	95.70
Jaipur	104.72	90.21
Lucknow	94.69	87.81
Pune	104.39	90.90
Chandigarh	94.30	82.45

The data shows that petrol and diesel prices vary significantly across major Indian cities as of April 8. Petrol is highest in Hyderabad (Rs 107.46/litre) and lowest in Chandigarh (Rs 94.30/litre), while diesel peaks in Chennai (Rs 92.39/litre) and is lowest in Chandigarh (Rs 82.45/litre).

Metropolitan cities like Mumbai, Bengaluru, and Kolkata have higher petrol prices (over Rs 102/litre) compared to northern cities like Delhi and Lucknow (around Rs 94–95/litre).

Diesel shows a smaller variation but follows a similar trend, with southern and western cities slightly higher. The differences reflect state taxes, transportation costs, and local market factors, while domestic prices remain relatively stable despite international oil volatility.

Iran Tightens Strait of Hormuz Control

Following the February 28 attacks, Iran increased its control over the Strait of Hormuz, a critical shipping route. Data shows that around 60 per cent of ships passing through the strait are either coming from or heading to Iran, influencing global fuel supply and market stability.

Markets welcomed the ceasefire and Iran’s conditional agreement to reopen the strait. The pause in the six-week conflict, triggered by joint U.S.-Israeli airstrikes, prompted traders to reassess geopolitical risk premiums that had been driving oil prices higher due to threats to key shipping lanes.

The Strait of Hormuz is one of the world’s most strategic maritime chokepoints, linking the Persian Gulf with the Gulf of Oman and the Arabian Sea. Around 20–30 per cent of global oil trade passes through it, making it essential for energy security. Any disruption can significantly impact global oil supply and prices.