Diesel prices across major Indian cities remained unchanged on April 27, even as global crude oil markets witnessed a sharp rise. The stability in retail fuel rates comes amid renewed geopolitical tensions after efforts to restart peace talks between the US and Iran failed, resulting in continued disruption in the Strait of Hormuz and a tightening global supply situation.
In Delhi, diesel continued to be priced at Rs 87.67 per litre. In Mumbai, diesel was retailing at around Rs 90.03 per litre. Rates remained higher in several other major cities as well.
Also Read: Petrol price today 27 April 2026: Latest petrol rates in Delhi, Mumbai, Chennai, Kolkata and other cities
At the same time, brokerage firm Emkay Global Financial Services has indicated that ongoing disruptions could lead to a possible revision in fuel prices. It has projected that any initial hike could be around Rs 10 per litre, although such an increase would only partly offset losses faced by oil marketing companies.
In addition, central excise duty and state level VAT contribute significantly to the final retail price, leading to variations across different cities.
The ongoing closure of the Strait of Hormuz, a key global oil transit route handling nearly a fifth of worldwide oil flows, has intensified market uncertainty. Daily ship movement through the strait has dropped sharply as competing restrictions are enforced, disrupting not only crude oil but also fuel, natural gas and fertiliser supplies, raising fears of wider inflationary pressure.
In Delhi, diesel continued to be priced at Rs 87.67 per litre. In Mumbai, diesel was retailing at around Rs 90.03 per litre. Rates remained higher in several other major cities as well.
City-wise diesel prices
| City | Diesel (Rs/litre) |
| Delhi | 87.67 |
| Mumbai | 90.03 |
| Kolkata | 92.02 |
| Chennai | 92.39 |
| Ahmedabad | 90.16 |
| Hyderabad | 95.70 |
| Patna | 91.49 |
| Bengaluru | 90.99 |
| Lucknow | 88.50 |
Price stability amid geopolitical tensions
The unchanged diesel prices come at a time when oil markets are under pressure due to disruptions linked to the Strait of Hormuz. The situation has contributed to concerns of a broader supply crunch globally. Despite the volatility in crude markets, retail fuel prices in India have remained steady.At the same time, brokerage firm Emkay Global Financial Services has indicated that ongoing disruptions could lead to a possible revision in fuel prices. It has projected that any initial hike could be around Rs 10 per litre, although such an increase would only partly offset losses faced by oil marketing companies.
Factors influencing diesel prices in India
Diesel prices in India are determined by multiple factors. Global crude oil prices play the most significant role as crude is the key raw material used in fuel production. The rupee dollar exchange rate also impacts costs due to India’s dependence on imported crude.In addition, central excise duty and state level VAT contribute significantly to the final retail price, leading to variations across different cities.
Global oil market trends
International crude benchmarks have surged amid supply concerns. Brent crude for June settlement rose 2.2 percent to $107.66 per barrel, after touching an intraday high of $107.97. West Texas Intermediate for June delivery also gained 2.2 percent to $96.47 per barrel, remaining close to multi month highs.The ongoing closure of the Strait of Hormuz, a key global oil transit route handling nearly a fifth of worldwide oil flows, has intensified market uncertainty. Daily ship movement through the strait has dropped sharply as competing restrictions are enforced, disrupting not only crude oil but also fuel, natural gas and fertiliser supplies, raising fears of wider inflationary pressure.
