Outlook Business Desk
Petrol and diesel rates remained unchanged on Friday, May 1, 2026, despite elevated global energy costs. Indian Oil Corporation (IOC) said there has been no revision in fuel prices, keeping rates steady for consumers across the country.
Indian Oil Corporation confirmed that petrol and diesel prices have not been revised even as crude oil costs rise globally. As a result, consumers continue to pay the same fuel prices without any immediate increase.
However, for the fortnight beginning May 1, 2026, the government updated export duties on petroleum products. Diesel now attracts ₹23 per litre, while aviation turbine fuel has been assigned a duty of ₹33 per litre.
Despite changes in export duties on diesel and aviation turbine fuel, petrol exports continue without any duty. This move comes at a time when international crude oil prices have been rising significantly.
Crude oil prices have climbed to $126 per barrel, marking a four-year high. This is a sharp rise from around $73 per barrel before the war, increasing pressure on fuel pricing decisions.
In Delhi, petrol is priced at ₹94.77 and diesel at ₹87.67 per litre. Mumbai sees higher rates at ₹103.50 for petrol and around ₹90.03 for diesel, with similar variations across major cities.
Kolkata records petrol at ₹105.41 and diesel at ₹92.02, while Chennai sees ₹100.80 and ₹92.39. Hyderabad remains the highest with petrol at ₹107.50 and diesel at ₹95.70.
Meanwhile, prices of commercial LPG cylinders have risen sharply, with a 19 kg cylinder now costing ₹3,071.5 in Delhi. However, domestic LPG cylinder prices remain unchanged, as confirmed by Indian Oil in its latest update.