Amid ongoing international tensions in the Middle East, fuel prices in India remained largely unchanged on Saturday. In Mumbai, petrol is priced at ₹103.50 per litre today.

Over the past month, petrol rates have shown only marginal fluctuations, staying within a narrow range of ₹103.50 to ₹103.54 per litre. Analysts note that recent global tariff pressures and restrictions on Russian oil imports could have long-term implications for South Asia, including India. 

Also read | Fuel Price in India Today (30 January, 2026)

Check current petrol and diesel prices in Major Indian cities (₹/Litre) on Jan 31, 2026

CityPetrol PriceDiesel Price
New Delhi₹94.77₹87.67
Kolkata₹105.41₹92.02
Mumbai₹103.50₹90.03
Chennai₹100.84₹92.39
Bangalore₹102.55₹90.65

Hyderabad

₹107.50₹95.70
Thiruvananthapuram₹107.48₹96.48

Note: Prices already include state taxes and may vary slightly within districts.

LPG price update

The domestic LPG cylinder (14.2 kg) in Mumbai is priced at ₹852.50. The rate has remained constant since April 2025, following a ₹50 hike earlier this year. Over the past 12 months, LPG prices have seen a total increase of ₹50 from December 2024 to November 2025.

Also read | India’s Russian oil dilemma: Can New Delhi maintain strategic independence under US pressure?

Oil-rich Venezuela agrees to energy cooperation with India

Interim president Delcy Rodriguez of oil-rich Venezuela said Friday she had agreed on energy cooperation with India, a day after Caracas opened its hydrocarbons sector to private companies.

Since the January 3 ouster of leader Nicolas Maduro in a US military operation, Venezuela has been working to reset ties as it seeks to revive its battered economy.

Venezuela sits on the world's biggest proven oil reserves and reformed laws this week to open the sector up to private investment.

Venezuela was one of India's main crude suppliers until 2025, when Trump increased US sanctions on Caracas.