Petrol and diesel prices across major Indian cities remained largely unchanged on Wednesday, October 21, 2026, despite a fresh rise in international crude oil prices. Brent crude futures climbed above $110 per barrel, while US West Texas Intermediate (WTI) crude crossed $99 per barrel amid concerns over possible disruptions to oil supplies from West Asia.
Attacks on vessels near the Strait of Hormuz and increasing risks to shipping in the Red Sea have added to concerns about the security of global energy supplies. Although US President Donald Trump’s decision to waive certain restrictions linked to Russian energy supplies has raised expectations of additional fuel reaching the market, geopolitical uncertainty continues to influence crude oil prices.
India relies heavily on imported crude oil, making international price movements an important factor for the domestic fuel market. State-run oil marketing companies, including Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum, have kept retail petrol and diesel rates largely stable across major cities so far.
Petrol and Diesel Prices Today in Major Cities
The following are the petrol and diesel prices provided for major Indian cities on October 21, 2026.
| City | Petrol (₹/litre) | Diesel (₹/litre) |
|---|---|---|
| Mumbai | ₹111.21 | ₹97.83 |
| Delhi | ₹102.12 | ₹95.20 |
| Kolkata | ₹113.51 | ₹99.82 |
| Chennai | ₹107.76 | ₹99.55 |
| Bengaluru | ₹111.68 | ₹99.56 |
| Hyderabad | ₹116.15 | ₹104.23 |
Fuel prices vary between cities because of differences in local taxes and other applicable charges. Consumers should confirm the latest rates with their local fuel station before refuelling.
Why Are Global Crude Oil Prices Rising?
International oil markets remain volatile as traders assess the outlook for Russian energy supplies and the risks facing shipments through West Asia. Expectations that additional Russian supplies could become available may ease some pressure on the market, but uncertainty surrounding important shipping routes and regional security remains a concern.
The Strait of Hormuz and the Red Sea are important routes for energy shipments. Any disruption affecting the movement of oil and petroleum products through these areas could influence global supply and prices.
For India, a sustained rise in international crude oil and refined fuel costs can put pressure on oil marketing companies. If domestic retail prices remain unchanged while procurement costs increase, their marketing margins may come under strain.
Will Petrol and Diesel Prices Increase in India?
Despite Brent crude trading at around $110.4 per barrel, domestic fuel prices have remained relatively stable over the past week, according to the supplied information. Whether this stability continues will depend partly on movements in international crude prices and the cost of refined petroleum products.
The rupee-dollar exchange rate is another important factor. Since India imports a substantial amount of its crude oil, a weaker rupee can make purchases priced in US dollars more expensive. If these higher costs persist, they could add pressure to domestic fuel pricing.
For now, Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum have largely maintained retail rates in major cities. Any sustained relief for oil marketing companies will depend on whether international crude and fuel costs fall sufficiently and remain lower over time.
What Fuel Price Stability Means for Consumers
For daily commuters, the lack of a major price change offers some immediate stability at the fuel station. However, petrol and diesel rates remain high in several cities, and future movements will depend on global oil prices, currency fluctuations and domestic pricing factors.
Consumers should keep an eye on local rates because taxes and other charges can lead to price differences between cities, including locations within the same state.
Disclaimer: This article is intended for general informational purposes only. Fuel prices are subject to change and may vary by location, taxation and other market factors. The rates listed above are based on the information supplied and should be verified with an authorised fuel retailer before use.