Petrol and diesel prices remained steady on February 14, offering relief to commuters and transporters as oil marketing companies kept rates unchanged.
Mumbai: Petrol and diesel prices in India remained unchanged on Saturday, 14 February 2026, continuing a trend of stable fuel costs seen in recent weeks.
Leading Oil Marketing Companies (OMCs), including Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum, revise pump prices daily at 6 am, but retail costs were held steady across metros and most states as global crude oil and currency movements saw limited volatility.
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India’s petrol pricing today shows Mumbai at around ₹103.54 per litre, while diesel in the financial capital is priced at approximately ₹90.03 per litre, with other major urban centres displaying similar stability.
Why are prices steady?
- Retail petrol and diesel prices in India are influenced by:
- International crude oil prices and global supply trends
- Exchange rate of the Indian rupee against the US dollar
- State-level taxes and value-added tax (VAT)
- Freight and distribution costs
| City | Petrol (₹/L) | Diesel (₹/L) |
| New Delhi | ₹94.77 | ₹87.67 |
| Mumbai | ₹103.54 | ₹90.03 |
| Kolkata | ₹105.41 | ₹92.02 |
| Bengaluru | ₹102.96 | ₹90.99 |
| Hyderabad | ₹107.46 | ₹95.70 |
| Jaipur | ₹104.62 | ₹90.12 |
| Lucknow | ₹94.73 | ₹87.86 |
| Patna | ₹105.23 | ₹91.49 |
| Thiruvananthapuram | ₹107.48 | ₹96.48 |
Despite fluctuations in global energy markets this year, subdued crude oil price movements and stable foreign exchange rates have kept pump prices relatively flat in most regions.
Recent data shows that India’s overall fuel demand dipped month-on-month in January but still posted yearly growth, indicating robust energy consumption without major price shocks so far in February.
Consumer impact and outlook
Stable fuel prices offer relief to commuters and transportation businesses after periods of volatility in recent years. However, longer–term retail trends will still be shaped by:
- Crude oil market swings amid geopolitical developments
- The Indian government’s tax policy, including excise duty adjustments
- Changes in global energy demand
Analysts also note budget considerations, with speculation about possible tweaks to excise duty on petrol and diesel as part of India’s broader fiscal strategy.
Published: 14 Feb 2026, 08:13 am IST
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