Petrol, Diesel Price Hike Looms in India
India faces a potential hike in petrol and diesel prices for the first time in nearly four years, driven by escalating global crude oil costs.
India faces a potential hike in petrol and diesel prices for the first time in nearly four years, driven by escalating global crude oil costs.
The recent hike in petrol and diesel prices has been attributed to a fraudulent order from the Ministry of Petroleum, causing uproar among consumers and industry experts alike.
The Ministry of Petroleum has firmly denied rumors of a petrol price hike, emphasizing India’s unique position of stable fuel prices over the past four years.
Today’s fuel prices have been announced, revealing significant costs across major cities in India. Additionally, the moon phase is currently Waxing Gibbous.
The government has made significant cuts to excise duties on petrol and diesel, aiming to alleviate consumer pressure amid soaring global oil prices.
IndianOil has increased the price of its premium petrol XP-95 by ₹2 per litre, while standard petrol and diesel prices remain unchanged.
The price of petrol in Mumbai remains steady at ₹103.50 per litre, despite global crude oil price fluctuations.
On 12 March 2026, Brent crude oil prices rose to $98.84 per barrel, while gold prices continued to surge amid market volatility.
This article examines the current state of fuel prices in India, focusing on petrol, diesel, and LPG, and their impact on air quality.
Petrol prices in India remain stable as of March 12, 2026, with significant variations across major cities. Key figures reveal the current rates in Delhi, Mumbai, Bengaluru, and more.