Petrol and Diesel Prices Today, Aug 15: Check Rates Across Cities

NEW DELHI — State-run Oil Marketing Companies (OMCs) left domestic retail petrol and diesel prices unchanged across major Indian cities on Saturday, August 15, 2026. The steady price posture comes even as international crude oil benchmarks experienced slight upward movement, with Brent crude hovering around $88.52 per barrel amid persistent Middle Eastern geopolitical friction.

Metropolitan City-Wise Fuel Rates on August 15

Retail fuel prices in India vary significantly from state to state due to differences in local Value Added Tax (VAT), freight charges, and local municipal cesses.

In national capital New Delhi, petrol continues to retail at ₹102.12 per litre, while diesel is priced at ₹95.20 per litre. In financial capital Mumbai, petrol stands at ₹111.21 per litre, with diesel priced at ₹97.83 per litre.

City commuters in Kolkata pay ₹113.51 per litre for petrol and ₹99.82 per litre for diesel. In Chennai, petrol sells at ₹107.77 per litre while diesel rates stand at ₹99.55 per litre. In Bengaluru, petrol is quoted at ₹111.68 per litre and diesel at ₹99.56 per litre.

Daily Pricing Mechanism and International Market Factors

Under the daily dynamic fuel pricing mechanism adopted in June 2017, Indian state-run refiners—including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL)—revise petrol and diesel prices daily at 6:00 AM IST.

The daily adjustments reflect the 15-day rolling average of international benchmark crude oil and refined product prices, combined with USD-INR exchange rate movements.

Despite international Brent crude futures rising past $88 per barrel on August 15 due to supply risk concerns in West Asia, domestic fuel retailers have kept pump prices steady, absorbing short-term margin fluctuations to maintain retail price stability for consumers.

Impact on Consumers, Businesses, and Transport Sector

The stability in fuel pricing provides immediate predictability for freight operators, public transit systems, and commercial fleet owners operating during the busy holiday weekend.

Because diesel fuels the majority of commercial road transport across national highway corridors, steady rates help prevent inflationary pressure on daily essential goods, agricultural produce, and consumer retail items transported across state lines.

Official Sources Section

According to daily price notifications issued by state-run oil marketing companies (IOCL, BPCL, and HPCL) and pricing data released by the Ministry of Petroleum and Natural Gas, domestic retail rates for petrol and diesel remain unchanged on August 15, 2026.

Quote Section

"According to officials from state-run oil marketing companies, daily pricing structures remain aligned with long-term average crude benchmarks, ensuring domestic pump price stability despite international market fluctuations."

Why It Matters

Fuel prices directly influence household transport budgets, logistics expenses, and overall consumer price index (CPI) inflation in India. Stable retail prices on key transport fuels safeguard domestic purchasing power and maintain cost predictability across logistics and supply chain networks nationwide.

Key Facts at a Glance

• Delhi Rates: Petrol at ₹102.12/L, Diesel at ₹95.20/L.

• Mumbai Rates: Petrol at ₹111.21/L, Diesel at ₹97.83/L.

• Pricing Revision: Updated daily at 6:00 AM IST by public sector oil refiners.

• Global Benchmark: Brent crude traded near $88.52 per barrel amid Middle East supply developments.

Frequently Asked Questions (FAQs)

What is the petrol price in Delhi on August 15?

The petrol price in New Delhi on August 15 stands at ₹102.12 per litre.

Why do petrol and diesel prices differ across Indian states?

Fuel prices differ across states primarily due to varying state-level Value Added Tax (VAT), local freight charges, dealer commissions, and local cesses applied by respective state governments.

How often are petrol and diesel prices updated in India?

Petrol and diesel prices are updated daily at 6:00 AM IST by state-run fuel retailers based on international crude oil benchmarks and foreign exchange rates.

Source: Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), Ministry of Petroleum and Natural Gas.

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