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Crude Oil Dips Below $100: Why Are Indian Petrol Prices Still High?
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News18•30-09-2026, 06:13
Crude Oil Dips Below $100: Why Are Indian Petrol Prices Still High?
- •International crude oil prices have fallen below $100 a barrel, with Brent crude at $95.89 and US crude at $89.21.
- •Despite the drop in crude prices, petrol and diesel rates in India remain stable and have not become cheaper.
- •Petrol and diesel prices vary across Indian cities due to Value Added Tax (VAT) and local taxes.
- •Current petrol prices: Delhi – ’102.12/liter, Noida – ’102.12/liter, Gurugram – ’102.97/liter, Faridabad – ’103.28/liter.
- •Consumers can check real-time fuel prices via SMS or the IndianOil ONE app.
Key Questions Answered
You can find the latest fuel prices from home by sending an SMS with the format 'RSP <petrol pump dealer code>' to the number 92249 92249. For example, to check rates for Delhi, you would send 'RSP 102090' to receive an instant text update.
Despite international crude prices dropping below $100 a barrel, retail fuel rates in India remain stable because of Value Added Tax (VAT) and varying local taxes levied across different states.
In New Delhi, petrol is priced at ₹102.12 per liter and diesel is priced at ₹95.20 per liter.
