Fuel Price Stability Amid Global Oil Volatility. India's petrol and diesel prices held steady on April 26, 2026, despite geopolitical tensions in West Asia pushing crude oil above $100 per barrel. Delhi petrol traded at 94.77 rupees per litre, while Mumbai saw premium rates at 103.54 rupees. Oil marketing companies adjust prices daily at 6:00 AM based on international crude movements and currency fluctuations. The government has dismissed speculation about sharp post-election fuel hikes as misleading, though analysts warn that sustained Hormuz Strait disruptions pose inflation risks for India, which imports 85 percent of its crude oil. Higher energy costs could delay central bank rate cuts and pressure the rupee.
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