Mumbai, March 17: Domestic petrol prices in India remained unchanged on Tuesday, March 17, 2026, providing continued relief to consumers despite significant volatility in international energy markets. In the national capital, petrol continues to retail at INR 94.77 per litre, a rate that has held steady for over six months. While global Brent crude has recently hovered near the $103 per barrel mark due to escalating tensions in West Asia, Indian state-run Oil Marketing Companies (OMCs) have opted to maintain current retail levels to stabilise the domestic economy.

The decision to freeze rates follows a recent INR 60 hike in domestic LPG cylinders earlier this month, which saw cooking gas prices climb to INR 913 in Delhi. By keeping auto fuel prices static, authorities aim to mitigate broader inflationary pressures on transport and essential goods. Scroll down to check petrol prices today, March 15, in Delhi, Chennai, Mumbai, Kolkata, Lucknow, Pune, Bengaluru, Hyderabad, Jodhpur, Jaipur, Srinagar, Noida, Ghaziabad, Gurugram and Ahmedabad.

City-Wise Petrol Rates As of March 17, 2026

Fuel prices vary significantly across India due to localised Value Added Tax (VAT) and freight charges. Metros like Mumbai and Kolkata continue to see higher prices compared to Delhi.

Petrol Rate Today, March 17, 2026

City Petrol Price (per Litre)
New Delhi INR 94.77
Mumbai INR 103.54
Chennai INR 100.80
Kolkata INR 105.45
Bengaluru INR 102.99
Hyderabad INR 107.46
Pune INR 103.99
Ahmedabad INR 94.68
Lucknow INR 94.72
Jaipur INR 105.11
Noida INR 94.90
Gurugram INR 95.51
Ghaziabad INR 94.58
Srinagar INR 100.64
Jodhpur INR 104.43

Global Context and Supply Security

The primary driver of the current "wait-and-watch" approach by OMCs is the geopolitical friction in the Middle East, specifically involving the Strait of Hormuz. While this has pushed international crude prices upward, government officials have indicated that India possesses sufficient fuel reserves to absorb short-term shocks. Analysts suggest that unless Brent crude breaches the USDA 130 per barrel threshold, an immediate hike in domestic petrol or diesel is unlikely. Furthermore, India has successfully diversified its crude sourcing to over 40 countries, reducing its reliance on traditional Gulf routes. What Is PNG Connection and How To Get It?

While crude prices are a major factor, the Indian Rupee's performance against the U.S. Dollar also plays a critical role. With the Rupee recently touching lows of INR 92.48 per dollar, the cost of importing crude has risen. This currency depreciation typically pressures oil companies to raise prices, but the current policy of retail stability remains the priority for the 2026 fiscal outlook.

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(The above story first appeared on LatestLY on Mar 17, 2026 09:44 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).