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Fuel Prices Today, 16 April 2026: Global oil markets have eased into a softer phase after news of renewed diplomatic engagement between the United States
and Iran. Even though the US has recently enforced a complete naval blockade, crude prices slipped around the USD 90 per barrel mark as traders began factoring in the possibility of a second round of peace negotiations reportedly linked to discussions in Pakistan. In India, retail prices of petrol and diesel at government-run fuel stations have remained unchanged for the day, even as earlier fluctuations continue to influence aviation fuel and commercial gas segments.
City-wise petrol prices
Petrol rates stayed steady across major cities. Kolkata remained the most expensive at Rs 105.41 per litre, followed by Mumbai at Rs 103.54 and Bengaluru at Rs 102.92. Chennai recorded Rs 101.23. In the Delhi-NCR region, petrol was priced at Rs 94.77 in Delhi, Rs 94.74 in Noida, and Rs 95.36 in Gurugram. Chandigarh continued to have one of the lowest rates at Rs 94.30 per litre.| City | Petrol Price (Rs/litre) |
| Kolkata | 105.41 |
| Mumbai | 103.54 |
| Bengaluru | 102.92 |
| Chennai | 101.23 |
| Delhi | 94.77 |
| Noida | 94.74 |
| Gurugram | 95.36 |
| Chandigarh | 94.30 |
City-wise diesel prices
Diesel prices also showed no change. Chennai remained the highest at Rs 92.81 per litre, with Kolkata close behind at Rs 92.02. Mumbai and Bengaluru were priced at Rs 90.03 and Rs 90.99, respectively, while Ahmedabad stood at Rs 90.14. In the NCR region, diesel prices were slightly lower: Rs 87.67 in Delhi, Rs 87.81 in Noida, Rs 87.83 in Gurugram, and Chandigarh recorded the lowest among major cities at Rs 82.45 per litre.
| City | Diesel Price (Rs/litre) |
| Chennai | 92.81 |
| Kolkata | 92.02 |
| Bengaluru | 90.99 |
| Mumbai | 90.03 |
| Ahmedabad | 90.14 |
| Delhi | 87.67 |
| Noida | 87.81 |
| Gurugram | 87.83 |
| Chandigarh | 82.45 |
State-run oil marketing companies maintained stable retail rates, though some private fuel retailers and premium-grade fuels saw upward adjustments. Companies like Nayara Energy and Shell India have revised prices in response to margin pressures amid sustained higher crude levels.
Indian Oil Corporation (IOC) raised the price of its premium XP100 petrol in Delhi to Rs 160 per litre from Rs 149, effective April 1. Meanwhile, Shell India’s regular petrol in Bengaluru was priced around Rs 119.85 per litre.
In aviation, Aviation Turbine Fuel (ATF) saw a temporary spike before being partially reduced again for domestic airlines. To cushion consumers and support public sector oil firms, the Government of India cut excise duties on petroleum products on March 26, 2026, reducing petrol duty to Rs 3 per litre and fully removing diesel duty. This measure is aimed at helping major state-run oil companies such as HPCL, BPCL, and IOC manage the effects of high crude oil prices.
Also Read: Oil extends decline as Crude, Brent slip near $90 per barrel amid easing West Asia Tension
