In a significant move to stabilize public sentiment, the Indian government has officially dismissed viral reports of a looming hike in fuel rates. On Sunday, April 26, 2026, petrol and diesel prices across the country remained unchanged for the consecutive day.
The Ministry of Petroleum and Natural Gas took to social media to label speculations regarding a ₹25-₹28 per litre increase as “mischievous and misleading,” providing much-needed relief to commuters and the logistics sector alike.
Global Volatility and the Middle East Crisis
Despite the domestic price freeze, the international energy landscape remains fraught with tension. Global crude oil prices continue to witness sharp fluctuations due to the ongoing conflict in West Asia involving Israel and Iran. Concerns are mounting over potential supply chain disruptions at the Strait of Hormuz, a vital maritime artery that handles nearly 20% of the world’s oil supply. While Oil Marketing Companies (OMCs) typically adjust rates daily at 6 AM based on global benchmarks, the current domestic stability suggests a strategic buffer against international inflation.
Fuel Rates in Major Cities (April 26, 2026)
The retail prices of fuel continue to vary across states due to local taxes such as Value Added Tax (VAT) and freight charges. As of this morning, New Delhi maintains its petrol price at ₹94.72, while Hyderabad continues to see some of the highest rates among metros.
| City | Petrol (₹/L) | Diesel (₹/L) |
| New Delhi | 94.72 | 87.62 |
| Mumbai | 104.21 | 92.15 |
| Chennai | 100.75 | 92.34 |
| Kolkata | 103.94 | 90.76 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Lucknow | 94.69 | 87.80 |
OMCs and the Daily Revision Mechanism
The daily price revision, practiced by major refiners like Indian Oil (IOCL), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL), is intended to maintain transparency and reflect real-time market shifts. Industry experts note that while refiners are facing pressure from elevated crude costs, the government’s firm denial of a price hike suggests a commitment to controlling domestic inflation. Consumers are encouraged to check official OMC apps or SMS services for the most precise local rates throughout the weekend.