Petrol, Diesel Rates Mostly Stable On June 8 In Delhi, Mumbai And Other Cities
Fuel prices remain steady across major Indian cities on June 8.
Petrol and diesel prices across India remained largely stable on June 8, with only marginal changes of a few paise in select cities, even as global crude oil markets continue to remain volatile. The slight stability comes after a period of sharp increases in retail fuel prices over the past several weeks, driven primarily by rising international crude oil costs linked to geopolitical tensions in the Middle East.
In recent weeks, petrol and diesel prices in India have reportedly increased by around ₹7.5 to ₹8 per litre since the escalation of tensions in the US-Iran-Israel conflict. Earlier hikes of approximately ₹2.6 per litre for petrol and ₹2.7 per litre for diesel were also implemented, placing additional pressure on consumers. Despite the latest minor fluctuations, fuel prices in several cities remain close to record levels, reflecting the broader impact of global supply uncertainties.
In Delhi, petrol is priced at ₹102.12 per litre, while diesel stands at ₹95.20 per litre. In Mumbai, petrol costs ₹112.21 per litre and diesel ₹97.83 per litre. Kolkata records petrol at ₹113.51 per litre and diesel at ₹99.82 per litre. Chennai sees petrol priced at ₹108.01 per litre and diesel at ₹99.66 per litre. Meanwhile, Hyderabad and Bengaluru continue to report some of the highest fuel rates among major metros, with petrol and diesel crossing ₹110 and ₹100 per litre respectively in several instances.
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Market analysts note that the recent fluctuations in fuel prices are closely tied to global crude oil movements, particularly Brent crude, which has seen sharp swings due to escalating geopolitical risks. Oil prices surged recently after renewed missile exchanges in the Middle East raised concerns over potential disruptions in global energy supply chains. Such developments have historically led to increased volatility in Indian fuel pricing due to the country’s heavy reliance on crude imports.
Fuel pricing in India is influenced by a combination of international crude oil rates, rupee–dollar exchange fluctuations, and domestic taxes imposed by both central and state governments. While state-run oil marketing companies such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise prices daily under a dynamic pricing mechanism, actual changes at the pump depend on market conditions and policy decisions, meaning prices do not necessarily change every day.
Experts suggest that while short-term stability is visible in current retail prices, future movements will largely depend on global geopolitical developments and crude oil trends. If tensions in oil-producing regions persist, further pressure on fuel prices cannot be ruled out. For now, consumers are likely to continue facing elevated fuel costs compared to earlier this year, with limited relief in sight.
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