Check Petrol And Diesel Prices In Delhi, Mumbai, Kolkata, Bengaluru And Chennai On May 27
Petrol and diesel prices remain largely unchanged across major Indian cities.
Fuel prices across India remained largely stable on Tuesday, May 27, with only marginal changes in select locations, even as petrol and diesel rates continue to stay elevated due to recent global oil market volatility. In Delhi, petrol is priced at ₹102.12 per litre, while diesel stands at ₹95.20 per litre. The latest figures come after a period of frequent revisions, during which fuel prices saw multiple hikes over a short span, driven largely by rising international crude oil costs.
The recent upward pressure on fuel prices has been linked to a surge in global oil markets following geopolitical tensions in the Middle East, particularly disruptions affecting energy supply routes. Earlier price revisions saw petrol and diesel increase by approximately ₹2.6 and ₹2.7 per litre respectively, contributing to an overall rise of nearly ₹7–8 per litre since the beginning of the ongoing West Asia conflict. Analysts note that state-run oil marketing companies have been under significant financial strain amid sustained volatility in crude prices.
Across major Indian cities, fuel prices continue to vary due to differences in state taxes and transportation costs. In Kolkata, petrol is priced at ₹113.51 per litre and diesel at ₹99.82. Mumbai recorded petrol at ₹111.18 and diesel at ₹97.83, while Chennai saw petrol at ₹107.74 and diesel at ₹99.55. In Bengaluru, petrol is priced at ₹110.93 and diesel at ₹98.80, whereas Hyderabad continues to report some of the highest rates among metros, with petrol at ₹115.73 and diesel at ₹103.82 per litre.
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Despite the recent surge, officials confirmed that prices remained mostly unchanged on May 27, barring minor adjustments of a few paise in select markets. However, the broader trend reflects sustained upward pressure driven by global crude benchmarks. Brent crude futures recently traded around the $99 per barrel mark, while West Texas Intermediate (WTI) hovered near $93 per barrel, indicating continued sensitivity in global energy markets to geopolitical developments.
Market analysts attribute the volatility to ongoing tensions involving the United States and Iran, particularly concerns over security in the Strait of Hormuz, a critical route for global oil shipments. Recent developments, including military activity in the region and stalled diplomatic negotiations, have kept investors cautious. Any escalation in the conflict could further disrupt supply chains and push crude prices higher, directly impacting fuel costs in import-dependent economies like India.
Fuel pricing in India is influenced by multiple factors, including international crude oil prices, currency exchange rates, and domestic taxation structures. The rupee–dollar exchange rate plays a crucial role due to India’s heavy reliance on imported crude oil. Additionally, variations in central excise duty and state-level VAT lead to significant differences in retail prices across cities, making fuel costs uneven across the country despite uniform global market trends.
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