Petrol Price Today: Fuel Rates for March 11, 2026, in Major Cities

Wednesday, March 11, 2026, petrol and diesel prices in India have remained largely stable across several major cities, continuing a trend of relative calm for domestic commuters. Despite a volatile week in the international energy market—where global crude oil prices have fluctuated between $87 and $90 per barrel due to ongoing geopolitical tensions in the Middle East—domestic Oil Marketing Companies (OMCs) have maintained existing rates.

In the national capital, Delhi, petrol is retailing at ₹94.77 per litre, while Mumbai continues to see higher prices at ₹103.50 per litre due to regional tax variations.

City-Wise Fuel Rates: March 11, 2026

The following table highlights the current retail prices for petrol and diesel in key metropolitan and satellite cities:

Market Dynamics: Why Prices Aren’t Rising

While global crude prices recently flirted with the $100 mark following supply concerns around the Strait of Hormuz, Indian fuel prices have not mirrored this spike. Government sources indicate that state-run OMCs like Indian Oil (IOCL), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) have the cushion to absorb fluctuations unless crude oil consistently breaches the $130 per barrel threshold.

Additionally, the International Energy Agency (IEA) has reportedly considered releasing a record volume of strategic oil reserves to stabilize the global market, which has helped cool off sudden surges in Brent crude futures.

Factors Influencing Today’s Rates:

• Dynamic Fuel Pricing: Since 2017, India has followed a daily revision cycle where prices are updated at 6:00 AM every morning based on the 15-day rolling average of international benchmarks.
• Taxation (VAT & Excise): Fuel is currently outside the ambit of GST. Therefore, the final price includes Central Excise Duty and State Value Added Tax (VAT). This explains why petrol in Mumbai or Hyderabad is significantly more expensive than in Delhi.
• The Rupee-Dollar Peg: As India imports over 80% of its crude requirements, any weakness in the Indian Rupee ($₹$) against the US Dollar ($USD$) directly impacts the cost of procurement.

Supply Status and Rumors

There have been isolated reports of long queues at fuel stations in cities like Pune, fueled by rumors of a shortage. However, the Petrol Dealers Association and government officials have clarified that there is no shortage of petrol or diesel. The supply chain remains robust, and dealers currently maintain approximately three days of stock to meet demand.