Petrol and diesel prices across India remained unchanged on 8 July, even as global crude oil prices continued to climb amid fresh geopolitical tensions in the Middle East. While international oil markets witnessed renewed volatility, retail fuel prices in major Indian cities stayed stable.
Brent crude rose after posting a sharp gain in the previous session, with investors closely monitoring developments involving the US and Iran.
Brent crude climbs amid renewed Middle East tensions
According to a Reuters report, Brent crude advanced 2.6 per cent to $76.12 per barrel during the opening of Asian trade on Wednesday after surging nearly 3 per cent a day earlier.
The latest rally followed fresh military escalation in the region. The US carried out retaliatory strikes on Iran after attacks targeted commercial vessels in the Strait of Hormuz. Among the ships hit were a gas carrier and a Saudi oil tanker in the Persian Gulf.
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The Trump administration also revoked the sanctions waiver that had allowed Iran to continue selling oil internationally.
In a post on X, US Central Command said US forces “have begun launching a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping.”
Westpac analysts told Reuters that investor concerns over the stability of the peace arrangement resurfaced after the attacks on vessels passing through Hormuz. They added, “Concerns over the inflation outlook were in focus, seeing yields jump higher across the globe.”
Petrol and diesel prices in major cities on 8 July
Fuel prices remained unchanged across major cities. In New Delhi, petrol is priced at ₹102.12 per litre and diesel at ₹95.20 per litre. In Mumbai, petrol costs ₹111.21 per litre, while diesel is available at ₹97.83 per litre.
In Kolkata, petrol continues to retail at ₹113.51 per litre and diesel at ₹99.82 per litre. In Chennai, petrol is priced at ₹107.76 per litre, while diesel costs ₹99.55 per litre.
Other major cities also reported no change in rates. Gurugram has petrol at ₹102.97 and diesel at ₹95.64 per litre. In Noida, petrol is selling at ₹101.96 and diesel at ₹95.44 per litre. Bengaluru recorded petrol at ₹111.68 and diesel at ₹99.56 per litre.
Meanwhile, petrol is priced at ₹108.97 and diesel at ₹100.68 per litre in Bhubaneswar. In Chandigarh, petrol costs ₹101.54 while diesel is ₹89.47 per litre. Hyderabad continues to have some of the highest fuel prices among metros, with petrol at ₹115.69 and diesel at ₹103.82 per litre.
In Jaipur, petrol is retailing at ₹113.19 and diesel at ₹98.25 per litre. Lucknow has petrol at ₹101.86 and diesel at ₹95.36. In Patna, petrol costs ₹113.37, while diesel is priced at ₹99.36 per litre. In Thiruvananthapuram, petrol is available at ₹115.49 and diesel at ₹104.40 per litre.
Centre rejects concerns over E20 petrol rollout
Amid debate over the nationwide rollout of E20 petrol, the Centre rejected claims that the higher ethanol blend has caused problems for vehicles.
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Union Petroleum and Natural Gas Minister Hardeep Singh Puri said, “The automobile manufacturers, as well as the people who service these vehicles, all say there is no difficulty. Why this sudden interest?” He further added, “It is a misrepresentation and I don’t want to use stronger words.”
Puri also noted that India has been using E15 fuel for over three years and E20 since April last year. “From April 2025 to April 2026, it has already been one year, and we are now another five months beyond that,” ANI quoted the minister as saying.
Echoing the government’s position, Union Minister Nitin Gadkari said, “There is no case of any car facing issues due to E20 petrol. Has there been any car in the country that faced issues due to the use of E20 petrol? Just name one.” He also stressed that India’s dependence on imported fossil fuels remains a major challenge, noting that the country spends around ₹22 lakh crore annually on fuel imports, making cleaner energy adoption increasingly important.
FAQs:
What is the petrol price in Kolkata today?
Petrol is retailing at ₹113.51 per litre in Kolkata on 8 July.
What is the petrol price in Delhi today?
Petrol is priced at ₹102.12 per litre in Delhi on 8 July.
