MAY 14, 2026
PM Modi’s call for reduced fuel usage has raised concerns of a price hike. (Representational Image)
Petrol and diesel prices in India remained unchanged on May 14, 2026, even as global oil markets continue to witness sharp volatility amid geopolitical tensions in West Asia. Oil marketing companies (OMCs) revise fuel prices daily at 6 AM, aligning them with movements in global crude oil prices and currency exchange rates.
The daily revision mechanism is aimed at improving transparency and ensuring consumers receive the most up-to-date retail fuel prices. However, despite fluctuations in international oil markets, the government has indicated that petrol and diesel prices are likely to remain stable for now, with OMCs absorbing part of the volatility to avoid sudden shocks for consumers.
There are voices and speculations that oil market companies will soon increase prices of petrol and diesel provided the daily losses they are bearing due to the elevated crude oil prices.
Global Oil Volatility Amid Middle East Tensions
Global crude oil prices have been highly volatile due to the ongoing conflict in the Middle East involving Iran, Israel, and the United States. The situation has raised concerns over disruptions to shipments through the Strait of Hormuz, a key energy route that handles nearly 20% of global oil supply.
Despite these uncertainties, Indian authorities have signalled that domestic fuel prices will remain steady in the near term, offering relief to consumers and helping contain inflationary pressures.
Petrol, Diesel Price Today in India
Here are the petrol and diesel prices across major Indian cities on May 14, 2026:
| City | Petrol (Rs/L) | Diesel (Rs/L) |
|---|---|---|
| New Delhi | 94.72 | 87.62 |
| Mumbai | 104.21 | 92.15 |
| Kolkata | 103.94 | 90.76 |
| Chennai | 100.75 | 92.34 |
| Ahmedabad | 94.49 | 90.17 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.69 | 87.80 |
| Pune | 104.04 | 90.57 |
| Chandigarh | 94.30 | 82.45 |
| Indore | 106.48 | 91.88 |
| Patna | 105.58 | 93.80 |
| Surat | 95.00 | 89.00 |
| Nashik | 95.50 | 89.50 |
Why Fuel Prices Differ Across Cities
Petrol and diesel prices in India have largely remained unchanged since May 2022 following tax cuts by the central and several state governments.
While fuel prices are linked to global crude oil rates, they are also influenced by factors such as taxes, exchange rates, and local levies, which vary across states and cities.
Premium Fuel Prices Increased
On April 1, Indian Oil raised the price of its premium XP100 petrol by Rs 11 per litre to Rs 160 from Rs 149 earlier. The high-octane fuel is mainly used in luxury vehicles and high-performance bikes.
The premium diesel variant Xtra Green has also been revised to Rs 92.99 per litre from Rs 91.49 earlier.
Private Players Raise Prices
Private fuel retailers have started increasing prices. Shell India raised petrol and diesel prices on April 1 following a similar move by Nayara Energy, as higher crude prices impacted margins.
Courtesy/Source: News18 / PTI
