Petrol-Diesel Prices Today: Global Market Turmoil Impacts Fuel Rates—Check Today’s Prices in Your City Across India

Petrol-Diesel Prices Today: On May 9, petrol and diesel prices across the country remained stable, even as crude oil rates continued to fluctuate amidst a global energy crisis and tensions in the Middle East.

Petrol-Diesel Prices Today: No major changes were observed in petrol and diesel prices across the nation today—Saturday, May 9. The government has kept prices stable to shield domestic consumers from the impact of the international energy crisis. Conversely, disruptions in the global crude oil supply chain and geopolitical tensions—including war-like situations—are driving a sharp surge in fuel prices worldwide.

Surge in Global Oil Prices

Activity in the international oil market has intensified following recent skirmishes between US and Iranian forces on Friday.

Brent crude prices rose by approximately 2.9%.
The price climbed to nearly $103 per barrel.
A slight decline was subsequently recorded.

This situation has also impacted ongoing efforts to resolve the conflict that has been persisting for the past 10 weeks. Petrol Prices in India (₹/liter)

New Delhi - 94.77
Kolkata - 105.41
Mumbai - 103.54
Chennai - 100.84
Gurgaon - 95.51
Noida - 95.48
Bengaluru - 102.92
Bhubaneswar - 101.16
Chandigarh - 94.30
Hyderabad - 107.50
Jaipur - 104.91
Lucknow - 94.69
Patna - 105.23
Thiruvananthapuram - 107.48

Check the Diesel Prices (₹/liter)

New Delhi - 87.67
Kolkata - 92.02
Mumbai - 90.03
Chennai - 92.39
Gurgaon - 87.94
Noida - 88.01
Bengaluru - 90.99
Bhubaneswar - 92.74
Chandigarh - 82.45
Hyderabad - 95.70
Jaipur - 90.38
Lucknow - 87.81
Patna - 91.49
Thiruvananthapuram - 96.48

Why is the Impact of Crude Oil Prices Increasing?

Since the onset of tensions in the Middle East, sharp fluctuations have been observed in crude oil prices.

Price before the conflict: Approximately $73 per barrel
Rose to: $126 per barrel on April 30 (a 4-year high)
Fell to: $97.77 per barrel on May 6
Impact on Inflation: WPI vs. CPI

According to experts, the impact of crude oil prices will be significant.

Key Highlights

The impact will be greater on the WPI (Wholesale Price Index).
The impact will be relatively lower on the CPI (Consumer Price Index).

Why is this the case?

The government has kept the prices of petrol, diesel, and domestic LPG stable.
Consequently, no immediate major impact is visible on ordinary consumers.

The Government's Strategy

Currently, the prices of petrol and diesel have been kept unchanged.
No significant changes have been made to domestic LPG either.
Only the prices of commercial LPG cylinders have been increased.