Petrol and diesel prices remained unchanged across major Indian cities on October 9, 2026, despite continued volatility in international crude oil markets. State-owned oil marketing companies (OMCs) have maintained existing retail fuel rates, offering some stability to motorists amid concerns over rising global oil prices.
The Indian Crude Oil Basket is reported at $120.34 per barrel, while Brent crude is trading near $103.50 per barrel and West Texas Intermediate (WTI) crude is around $90.95 per barrel. If international prices remain elevated for an extended period, India’s oil import expenditure and fuel marketing margins could come under further pressure.
Petrol and Diesel Rates in Major Cities Today
Here are the petrol and diesel prices reported for major Indian cities on October 9.
| 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 | 115.69 | 103.82 |
According to the reported rates, Hyderabad has the highest petrol and diesel prices among the six cities listed, while Delhi has the lowest rates for both fuels. Differences in local taxes and other state-level charges contribute to variations in retail prices across cities.
Global Crude Oil Market Remains Under Pressure
International oil prices have been influenced by geopolitical tensions in the Middle East and concerns about possible supply disruptions. Reports concerning potential US military action involving Iran have added to uncertainty in global energy markets.
Brent crude futures for December delivery were reported down 0.77% at $103.50 per barrel on October 9. US WTI futures for November delivery fell 0.64% to approximately $90.90 per barrel.
Supply concerns have also been linked to reported attacks in Saudi Arabia and a storm threatening oil production in the US Gulf. Brent crude had crossed the $100-per-barrel mark earlier in the week, keeping attention focused on the possibility of further price fluctuations.
Why Rising Crude Oil Prices Matter for India
India depends heavily on imported crude oil, making international prices and the rupee-dollar exchange rate important factors in fuel costs. When crude becomes more expensive or the rupee weakens against the US dollar, the cost of importing oil can increase.
Oil marketing companies are also facing pressure on their marketing margins because domestic petrol and diesel prices have remained largely unchanged despite elevated international crude prices. Credit rating agency ICRA has flagged negative marketing margins for petrol and diesel retailers.
If crude oil prices remain high, the country’s import bill could rise further, while fuel retailers may continue to face pressure on their earnings.
What Petrol and Diesel Price Stability Means for Consumers
For motorists, unchanged retail rates mean there is no immediate increase in fuel expenses at the pump. However, petrol and diesel prices remain relatively high in several major cities.
Consumers should keep track of local fuel rates because taxes and other charges differ between states and cities. Any prolonged increase in international crude prices, combined with movements in the rupee, could influence the outlook for domestic fuel prices in the coming weeks.
Disclaimer: This article is for general informational purposes only and is based on the fuel prices and market information provided. Retail fuel rates and international crude oil prices may change. Actual prices can vary by location and date. Consumers should verify the latest rates with authorised fuel retailers before making decisions based on this information.