Petrol, Diesel Prices On March 30: Check New Rates In Delhi, Mumbai, Kolkata, Bengaluru, And More

Petrol and diesel prices across major Indian cities remained unchanged on March 30, even as global crude oil benchmarks edged higher amid rising geopolitical tensions in West Asia and disruptions to key maritime trade corridors. Monday marks the 31st day of the US, Israel-Iran conflict. US President Donald Trump has expressed interest in seizing Iran's oil, specifically targeting Kharg Island, a crucial export hub handling 90% of Iran's oil exports. Trump stated, "To be honest with you, my favourite thing is to take the oil in Iran," comparing it to a similar move in Venezuela. 

The bulk rate for industrial diesel supplied to commercial users has been increased by Rs 21.92 per litre — about a 25% jump — while premium petrol prices have gone up by Rs 2 per litre.

In the national capital, petrol is still selling at Rs 94.77 per litre, while diesel is priced at Rs 87.67 per litre. Rates are comparatively steeper in Mumbai, where petrol is being sold at Rs 103.54 per litre and diesel at about Rs 90.03 per litre. With state elections approaching, the government may prefer to keep auto fuels under control.

ALSO READ: Brent Crude Surges To $116 As Middle East Conflict Worsens With Houthi Attacks On Israel

Global Oil Prices

Oil prices surged at the start of the week as the West Asia conflict widened, with Iran-backed Houthi forces in Yemen launching missile strikes on Israel. The escalation — coupled with a fresh deployment of US troops in the region — has rattled global energy markets already on edge.

Brent crude jumped over 3% in early trading to cross $116 per barrel, putting it on track for one of its strongest monthly gains on record. US benchmark West Texas Intermediate also climbed past the $100 mark. The rally reflects growing anxiety that supply disruptions could intensify if the conflict spreads further across key oil-producing and transit regions.

By the second week of March, at least 85 countries raised petrol prices following the US-Iran war, according to data from Global Petrol Prices that analysed rates of 150 countries.

Amid reports of panic buying and long queues at petrol pumps and LPG distributors, the Ministry of Petroleum and Natural Gas, for the first time since the war in West Asia broke out, released stock details of crude oil, fuels and LPG as it rushed to calm nerves. Parallely, state-owned oil marketing companies also said there is no shortage of petrol, diesel or liquefied petroleum gas (LPG) and supplies remain stable.

Domestic LPG prices were increased by Rs 60 on March 7, 2026, raising the cost of a 14.2‑kg cylinder in Delhi from Rs 853 to Rs 913. Commercial LPG cylinders also saw a significant hike, now priced at approximately Rs 1,884.50 in the capital.

The government has also eased norms to allow sale of subsidized kerosene through select petrol pumps for a limited period, as global geopolitical tensions disrupt energy supply chains.

In a notification issued on March 29, the Ministry of Petroleum and Natural Gas permitted public sector oil marketing companies to distribute PDS superior kerosene oil (SKO) via designated service stations in up to 21 states and Union Territories that were earlier kerosene-free.

What Drives Petrol and Diesel Prices?

Fuel prices in India depend on several factors, with global crude oil prices being the most significant as crude is the primary raw material used to produce petrol and diesel.

The rupee–dollar exchange rate also influences fuel prices since India imports a large portion of its crude oil requirements.

Additionally, central excise duty and state-level VAT significantly affect the final retail price of petrol and diesel, which is why rates differ across cities.

Get all the latest updates on the US, Israel-Iran war here.

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