Petrol Diesel Price Today 11 May 2026: City-wise Rates Across India and Fuel Hike Alert Explained
- May 11, 2026
- Posted by: Ankit Jaiswal
- Category: Market
The petrol diesel price today on 11 May 2026 remains unchanged across all major Indian cities even as Brent crude oil surges above $104 per barrel following US President Trump’s rejection of Iran’s peace proposal. Oil marketing companies (OMCs) including Indian Oil, BPCL and HPCL are absorbing losses of nearly Rs 30,000 crore per month, and with state elections in West Bengal and Tamil Nadu now concluded, the political cover for continued price suppression has narrowed significantly.
Sources across government and industry channels indicate a petrol and diesel price hike of Rs 4 to 5 per litre could arrive before May 15, 2026. This means today’s petrol diesel price today rates may be among the last stable numbers before a revision that would end India’s four-year price freeze.
Petrol Diesel Price Today 11 May 2026: Complete City-wise Rate Table
Fuel prices are revised every morning at 6 AM by OMCs and vary by city due to state VAT, local levies, dealer margins and logistics distance from refineries.
Delhi: Petrol and Diesel Price Today
- Petrol Price Today: Rs 94.77 per litre
- Diesel Price Today: Rs 87.67 per litre
Delhi records the lowest petrol diesel price today among all major metros, benefiting from moderate VAT rates and proximity to oil depots in the NCR region.
Mumbai: Petrol and Diesel Price Today
- Petrol Price Today: Rs 103.54 per litre
- Diesel Price Today: Rs 90.03 per litre
Mumbai’s petrol diesel price today is among the highest in the country due to Maharashtra’s elevated VAT structure and the additional local body cess levied by Brihanmumbai Municipal Corporation.
Kolkata: Petrol and Diesel Price Today
- Petrol Price Today: Rs 105.41 per litre
- Diesel Price Today: Rs 92.02 per litre
Kolkata’s petrol diesel price today is the highest among the four metros, driven by West Bengal’s higher state tax structure and logistics costs for fuel transported to eastern India depots.
Chennai: Petrol and Diesel Price Today
- Petrol Price Today: Rs 100.85 per litre
- Diesel Price Today: Rs 92.39 per litre
Chennai’s petrol diesel price today saw a marginal uptick of Rs 0.05 per litre in petrol versus Sunday’s rate of Rs 100.80 per litre. Tamil Nadu’s state tax structure keeps rates above the Rs 100 mark for petrol.
Bengaluru: Petrol and Diesel Price Today
- Petrol Price Today: Rs 102.96 per litre
- Diesel Price Today: Rs 90.99 per litre
Hyderabad: Petrol and Diesel Price Today
- Petrol Price Today: Rs 107.50 per litre
- Diesel Price Today: Rs 95.70 per litre
Hyderabad records the highest petrol diesel price today among all major Indian cities due to Telangana’s high VAT regime on petroleum products.
Ahmedabad: Petrol and Diesel Price Today
- Petrol Price Today: Rs 94.29 per litre
- Diesel Price Today: Rs 89.95 per litre
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Why Is Petrol Diesel Price Today Unchanged Despite Crude Above $104
The petrol diesel price today has not changed since April 2022, a freeze of over four years, even as Brent crude has crossed $104 per barrel. This is a deliberate government policy of retail price insulation designed to protect consumers from global oil price volatility.
The government absorbs approximately Rs 14,000 crore per month through excise duty cuts. On top of that, OMCs including Indian Oil, BPCL and HPCL collectively absorb nearly Rs 30,000 crore per month in under-recoveries. At current crude levels, OMCs are estimated to be losing Rs 20 per litre on petrol and close to Rs 100 per litre on diesel according to government officials.
Ministry of Petroleum joint secretary Sujata Sharma stated at an inter-ministerial briefing on 8 May 2026 that while OMC finances are under pressure, the government has ensured uninterrupted supply and no rationing of petrol or diesel for Indian consumers.
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Is a Petrol Diesel Price Hike Coming Before May 15
The petrol diesel price today is likely to see a revision soon. Sources told Business Today that a hike of Rs 4 to 5 per litre on petrol and diesel, along with Rs 40 to 50 on LPG cylinders, is under active consideration before May 15, 2026.
Why the Political Window Has Opened
The West Bengal elections concluded and Tamil Nadu Chief Minister Vijay of TVK took oath on 10 May 2026. With no major state elections on the calendar for several months, the political rationale for suppressing the petrol diesel price today has substantially weakened. Kotak Institutional Equities had projected a hike of Rs 25 to 28 per litre at $120 crude. The oil ministry rejected that estimate as excessive, but even a Rs 4 to 5 hike would signal the end of the four-year freeze.
What a Rs 5 Per Litre Hike Means Across Cities
- Delhi petrol: Rs 94.77 rises to approximately Rs 99.77 per litre
- Mumbai petrol: Rs 103.54 rises to approximately Rs 108.54 per litre
- Kolkata petrol: Rs 105.41 rises to approximately Rs 110.41 per litre
- Chennai petrol: Rs 100.85 rises to approximately Rs 105.85 per litre
- Hyderabad petrol: Rs 107.50 rises to approximately Rs 112.50 per litre
- Additional monthly cost at 100 litres: Approximately Rs 500 per household
How Petrol Diesel Price Today Is Calculated in India
Dynamic Pricing Mechanism
Since June 2017, the petrol diesel price today is revised every morning at 6 AM by OMCs based on a rolling two-week average of international crude oil prices and the prevailing rupee-dollar exchange rate. Earlier, prices were revised fortnightly on the 1st and 16th of each month.
Role of Central and State Taxes
Central excise duty and state VAT together form 40 to 55 percent of the final pump price depending on the state. The government cut excise duty on petrol by Rs 8 per litre and diesel by Rs 6 per litre in May 2022. Even with these cuts, the tax component remains one of the highest globally relative to the base fuel cost.
Why Petrol Diesel Price Today Differs Between Cities
- State VAT: Telangana and Maharashtra levy higher VAT than Delhi and Gujarat, directly raising pump prices.
- Logistics cost: Cities farther from refineries pay higher transportation charges embedded in the final price.
- Local levies: Mumbai has additional local body taxes not applicable in other cities, pushing it above Rs 103 per litre for petrol.
How Rising Crude Affects Indian Stocks Linked to Petrol Diesel Price Today
The petrol diesel price today freeze, while crude oil trades above $104, is creating a significant earnings drag on OMCs. IOC, BPCL and HPCL have ambitious expansion plans but mounting under-recoveries are diverting resources from growth to covering daily losses.
- IOC, BPCL, HPCL: A petrol diesel price hike would directly reduce under-recoveries and is a strong positive trigger for all three OMC stocks.
- IndiGo and SpiceJet: Aviation fuel costs are directly linked to crude. Both airline stocks face margin pressure when crude crosses $100.
- Asian Paints and Pidilite: Crude-linked raw material costs compress margins in paints and specialty chemicals whenever Brent stays elevated.
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Conclusion: Petrol Diesel Price Today and What Comes Next
The petrol diesel price today on 11 May 2026 holds steady at Rs 94.77 in Delhi and Rs 107.50 in Hyderabad for petrol. But with Brent crude above $104, OMC losses at Rs 30,000 crore per month and major state elections now concluded, the four-year price freeze is close to ending. A Rs 4 to 5 per litre hike before May 15 would ease OMC balance sheet stress, benefit IOC, BPCL and HPCL shares and push fuel costs modestly higher for consumers. Track daily petrol diesel price today updates and OMC stock movements on Univest.
FAQs
What is the petrol diesel price today in Delhi on 11 May 2026?
Ans. The petrol diesel price today in Delhi is Rs 94.77 per litre for petrol and Rs 87.67 per litre for diesel. Delhi records the lowest fuel rates among major metros due to moderate VAT and proximity to NCR oil depots.
Why is petrol diesel price today unchanged despite crude at $104?
Ans. The government has maintained a retail price freeze since April 2022. OMCs absorb Rs 30,000 crore per month in under-recoveries while the Centre cuts Rs 14,000 crore in excise duty monthly to partially offset costs. The petrol diesel price today remains frozen as a consumer protection measure.
When is the next petrol diesel price hike expected?
Ans. Sources indicate the petrol diesel price hike of Rs 4 to 5 per litre could arrive before May 15, 2026 now that the Tamil Nadu and West Bengal elections are concluded. Even a modest hike would end the four-year price freeze.
Which city has the highest and lowest petrol diesel price today?
Ans. Hyderabad has the highest petrol diesel price today at Rs 107.50 per litre for petrol due to Telangana’s high VAT. Ahmedabad has the lowest at Rs 94.29 per litre, followed by Delhi at Rs 94.77 per litre.
How can I check the petrol diesel price today in my city?
Ans. Send an SMS to 9224992249 with the message RSP followed by your dealer code for Indian Oil. Alternatively, check the IndianOil One, BPCL SmartDrive or HP Pay apps. The petrol diesel price today updates every morning at 6 AM across all cities.
Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.
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