Petrol, Diesel Prices Today, October 16, 2026: Check Latest Rates in Delhi, Mumbai, Bengaluru, Chennai and Other Cities

Mumbai, October 16: Petrol and diesel prices today, October 16, remained unchanged across most major Indian cities, with Bengaluru recording an increase in both fuel rates. Petrol prices stood at Rs 102.12 per litre in Delhi and Rs 111.21 in Mumbai, while diesel retailed at Rs 95.20 and Rs 97.83 per litre, respectively. Among the listed cities, Hyderabad recorded petrol at Rs 116.15 per litre, while Thiruvananthapuram had the highest diesel price at Rs 104.40 per litre. 

The Centre has raised the windfall tax on petrol exports fivefold to Rs 2.50 per litre from Rs 0.50, while cutting the levy on diesel shipments to Rs 8.50 per litre from Rs 16, effective October 16. The changes were announced in a government order issued late Thursday. 

The latest revision comes as the government adjusts fuel export duties amid volatile international crude oil and petroleum product prices following the US-Israeli war on Iran. The levies are reviewed every fortnight to reflect movements in global energy markets. 

India first introduced windfall taxes on fuel exports in July 2022 but withdrew them two years later. The government reinstated the duties in March 2026 after crude oil prices surged amid the conflict, seeking to manage domestic fuel availability and curb the potential gains from exporting petroleum products. 

The latest changes apply to fuel exports only. The duty on aviation turbine fuel (ATF) exports remains unchanged. The revised rates reflect the government’s fortnightly reassessment of export levies in response to changing global oil prices. 

Crude oil prices edged lower on Friday as investors assessed escalating tensions in West Asia against the possibility of the United States easing restrictions on oil tankers linked to sanctioned countries. Brent crude futures fell 0.6% to $105.3 per barrel, while US West Texas Intermediate (WTI) crude declined 0.7% to $97.3 per barrel. 

WTI had settled more than 3% higher on Thursday after a larger-than-expected drawdown in US crude inventories supported prices. Brent, meanwhile, ended the session marginally lower. The International Energy Agency (IEA) agreed on Thursday to release more than 20 million barrels of diesel, along with any remaining oil from emergency reserves pledged in March, in an effort to boost supplies and ease price pressures. However, the measures have yet to reassure investors fully, with market participants viewing an easing of Middle East tensions as a more effective way to stabilise prices. 

The US administration is considering lifting sanctions on certain vessels in the so-called shadow fleet, which transports oil and petroleum products from countries including Russia, Iran and Venezuela. The move could increase tanker availability and lower global shipping costs, potentially easing pressure on energy prices. The discussions follow US President Donald Trump’s temporary relaxation of sanctions on Russian diesel fuel, a decision that drew criticism from Ukraine, European countries and some US lawmakers. 

However, intensifying geopolitical tensions continued to support crude prices. Renewed attacks on shipping and escalating hostilities involving Iran, Saudi Arabia and Yemen’s Houthi forces have heightened concerns over supply disruptions and maritime security. For India, which depends heavily on imported crude oil, persistently elevated prices could increase the import bill, put pressure on the rupee and complicate the inflation outlook.  

Petrol Prices 

Petrol prices remained unchanged in most major Indian cities on Friday. In New Delhi, petrol was priced at Rs 102.12 per litre, while Kolkata recorded a rate of Rs 113.51 per litre. In Mumbai, petrol retailed at Rs 111.21 per litre, while Chennai’s price stood at Rs 107.76 per litre. 

Among other cities in the National Capital Region, petrol was priced at Rs 102.97 per litre in Gurgaon and Rs 101.96 per litre in Noida. Chandigarh recorded a rate of Rs 101.54 per litre, while Lucknow was among the cheaper locations at Rs 101.86 per litre. 

In southern India, petrol was priced at Rs 111.68 per litre in Bengaluru, up Rs 0.86 from the previous rate. Hyderabad recorded a price of Rs 116.15 per litre, while Thiruvananthapuram had one of the highest rates at Rs 115.49 per litre. In Bhubaneswar, petrol was priced at Rs 108.97 per litre. 

Elsewhere, petrol retailed at Rs 112.66 per litre in Jaipur and Rs 113.37 per litre in Patna. Overall, prices remained steady across the listed cities, with Bengaluru the only location to report a change.  

Diesel Prices 

Diesel prices remained unchanged across most major Indian cities on Friday. In New Delhi, diesel was priced at Rs 95.20 per litre, while Kolkata recorded a rate of Rs 99.82 per litre. In Mumbai, diesel retailed at Rs 97.83 per litre, compared with Rs 99.55 per litre in Chennai. 

In the National Capital Region, diesel was priced at Rs 95.64 per litre in Gurgaon and Rs 95.44 per litre in Noida. Chandigarh recorded a lower rate of Rs 89.47 per litre, while Lucknow’s diesel price stood at Rs 95.36 per litre. 

In southern India, diesel was priced at Rs 99.56 per litre in Bengaluru, up Rs 0.79 from the previous rate. Hyderabad recorded a price of Rs 104.23 per litre, while Thiruvananthapuram had the highest rate among the listed cities at Rs 104.40 per litre. In Bhubaneswar, diesel was priced at Rs 100.68 per litre. 

Elsewhere, diesel retailed at Rs 97.78 per litre in Jaipur and Rs 99.36 per litre in Patna. Overall, prices remained stable across the listed cities, with Bengaluru the only location to report a change.  

Source

•  Exchanges