Fuel prices in major Indian cities, including Delhi, Mumbai, Chennai, Kolkata, and Bangalore, remained largely stable on 4 April, with marginal adjustments reflecting global oil market trends. According to sources, petrol rates hovered between ₹96 and ₹104 per litre, while diesel prices ranged from ₹89 to ₹93 per litre across these cities.
The slight fluctuations are attributed to recent shifts in global crude oil prices, influenced by geopolitical tensions and changes in supply-demand dynamics. Analysts noted that the Indian government’s decision to maintain excise duties on fuel has kept domestic prices steady despite global volatility.
‘The stability in fuel prices is a result of careful balancing by the government, which is keen to avoid adding inflationary pressures,’ said one industry analyst. However, concerns remain about the potential impact of rising crude oil prices on India’s import bill and overall inflation.
Looking ahead, experts suggest that fuel prices could see upward pressure if global crude oil prices continue to rise. ‘The Indian economy is closely tied to global energy markets, and any significant increase in crude oil prices will likely be passed on to consumers,’ said another analyst.