Petrol, Diesel Prices Today, July 14, 2026: As Oil Boils Across the Globe, Check Fuel Prices in Your City

Mumbai, July 14: Petrol and diesel prices remained largely unchanged across India’s major metro cities on Tuesday, with fuel rates holding steady in New Delhi, Mumbai and Kolkata. Chennai saw the biggest decline in both petrol and diesel prices, while Thiruvananthapuram experienced the biggest rise among state capitals. Fuel prices also rose marginally in Jaipur and Lucknow, even as most other cities witnessed no change. Retail fuel prices are revised daily based on state-specific taxes and levies. 

Global oil prices climbed to their highest level in a month on Tuesday, extending the previous session’s sharp gains. Escalating military action between the US and Iran sparked fears of disruptions in the Strait of Hormuz, one of the world’s most critical energy chokepoints. 

Brent crude futures rose about 1.6% to around $84.7 a barrel, while US West Texas Intermediate (WTI) crude gained 1.8% to trade at $79.6 a barrel. To be sure, the rally came after Monday’s surge, and signified the strongest back-to-back gains in oil prices since May 2020. 

Sentiment worsened after the US escalated strikes on Iranian targets and put back its naval blockade on Iranian shipping. In response, Iran reportedly threw missiles on two UAE oil tankers in the Strait of Hormuz. US President Donald Trump also proposed imposing a 20% fee on cargo transiting the strategic waterway, adding to uncertainty in energy markets. 

The Strait of Hormuz handles roughly a fifth of global oil consumption, making any disruption to shipping through the route a major concern for energy markets. Analysts said heightened geopolitical risks and the possibility of supply interruptions could keep crude prices elevated in the near term if tensions continue to escalate. 

Petrol Prices 

Petrol prices remained unchanged across most major Indian cities on Tuesday, with rates in New Delhi steady at Rs 102.12 per litre, Mumbai at Rs 111.21, and Kolkata at Rs 113.51. Gurgaon, Noida, Chandigarh and Patna also saw no change in retail fuel prices. 

Petrol spiked the most in Thiruvananthapuram while Chennai experienced the biggest decline. Source: goodreturns.in 

Among the metros, Chennai registered the sharpest decline, with petrol prices falling Rs 1.69 to Rs 107.76 per litre. Bengaluru also witnessed a reduction of 43 paise to Rs 110.82, while Bhubaneswar saw prices ease by 25 paise to Rs 108.97. Petrol in Hyderabad edged lower by 4 paise to Rs 115.69 per litre. 

On the other hand, a few state capitals recorded marginal increases. Petrol prices in Thiruvananthapuram rose the most, gaining 71 paise to Rs 115.49 per litre, while Jaipur saw a 50-paise increase to Rs 113.19. Lucknow also recorded a rise of 27 paise, taking the retail price to Rs 101.86 per litre. 

Retail fuel prices in India are revised daily. Local taxes, including state-specific value-added tax (VAT), continue to result in significant variations in petrol prices across cities. 

Diesel Prices

Diesel prices remained unchanged across most major Indian cities on Tuesday, with rates holding steady at Rs 95.20 per litre in New Delhi, Rs 97.83 in Mumbai, and Rs 99.82 in Kolkata. Prices also remained unchanged in Gurgaon, Noida, Chandigarh, Hyderabad and Patna, reflecting stable retail fuel revisions in these markets.

Jaipur experienced a 47 paise rise in diesel prices while Lucknow saw smaller rise of 30 paise. Source: goodreturns.in

Among the metros, Chennai recorded the sharpest decline, with diesel prices falling Rs 1.71 to Rs 99.55 per litre. Bengaluru also saw prices ease by 37 paise to Rs 98.77, while Bhubaneswar registered a 24-paise decline, taking the retail price to Rs 100.68 per litre. 

On the other hand, a handful of state capitals witnessed increases in diesel prices. Thiruvananthapuram recorded the biggest gain, with prices rising 77 paise to Rs 104.40 per litre. Jaipur saw a 47-paise increase to Rs 98.25, while Lucknow registered a 30-paise rise, taking diesel prices to Rs 95.36 per litre. 

Retail diesel prices are revised daily. Variations in state-level taxes and levies continue to result in differing fuel prices across cities. 

Source: 

• goodreturns.in