Key facts
- Petrol and diesel prices in India were unchanged on June 16, 2026.
- Fuel prices had risen by approximately ?7.50 per litre in the preceding weeks.
- Global crude oil prices saw a rebound due to supply concerns and geopolitical uncertainty.
- Brent crude futures closed at $83.42 per barrel, and WTI crude at $81.12 per barrel.
- Petrol prices in Delhi were Rs 101.45 per litre, while Kolkata's were Rs 113.47 per litre.
Petrol and diesel prices in India remained unchanged on June 16, 2026, offering consumers a pause after significant price increases in May. Retail fuel rates were held steady by oil marketing companies despite global crude oil market volatility and geopolitical tensions impacting energy supplies.
In May, fuel prices saw a substantial hike, with petrol and diesel rates increasing by over ?2.50 per litre on May 25. Cumulative revisions since mid-May pushed retail fuel prices up by nearly ?7.50 per litre, reaching their highest levels in over two years.
Global oil prices saw a rebound on Tuesday, influenced by uncertainties surrounding a preliminary agreement to end the conflict between the United States and Iran. Concerns persist regarding the clarity of the agreement and potential delays in restoring crude oil shipments through the Strait of Hormuz, a critical energy corridor handling approximately 20% of global oil.
Brent crude futures rose 26 cents to $83.42 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 46 cents to $81.12 per barrel. This rebound followed a nearly 5% drop on Monday, which occurred after U.S. President Donald Trump announced a memorandum of understanding to end the conflict, raising hopes for normalized oil supplies.
Petrol prices vary across Indian states and cities due to differing VAT rates, local taxes, and transportation costs. As of June 16, 2026, petrol prices ranged from Rs 101.45 per litre in Delhi to Rs 117.11 per litre in Adilabad. India's dynamic fuel pricing mechanism updates rates daily at 6:00 AM based on international crude oil prices, exchange rates, refining costs, and market demand. Kolkata recorded the highest petrol price among major metro cities at Rs 113.47 per litre, while Delhi remained the cheapest at Rs 101.45 per litre.