Petrol and diesel prices across India remained largely steady on Friday, February 6, 2026, offering continued relief to consumers after weeks of limited movement at fuel stations. The stability reflects calm conditions in global crude oil markets and a relatively stable rupee, even as domestic pump prices continue to be revised daily under India’s dynamic fuel pricing system.
Oil marketing companies revise petrol and diesel prices every morning in line with international crude benchmarks and foreign exchange movements. This mechanism, in place for several years, allows prices to respond quickly to global developments. However, despite this daily revision process, fuel rates in most Indian cities have shown little variation in recent days, indicating a phase of short-term equilibrium.
In the national capital, petrol continued to be priced below the ₹95-per-litre mark, while diesel remained under ₹88 per litre, keeping Delhi among the metros with the lowest fuel prices. Mumbai, Kolkata, and Chennai continued to record higher rates, with petrol hovering around or above ₹100 per litre in several locations. Southern cities such as Hyderabad and Bengaluru remained among the costlier markets due to higher state taxes, while western and northern cities benefited from comparatively lower value-added tax structures.
The differences in fuel prices from city to city are primarily driven by state-level taxation. While the base price of petrol and diesel is influenced by global crude oil rates and refining costs, the final retail price depends heavily on state VAT and other local levies. As a result, motorists in neighboring states often pay noticeably different prices for the same fuel on the same day.
Global crude oil prices have remained range-bound in recent weeks, with no major geopolitical disruptions or supply shocks impacting the market. This has contributed to the lack of sharp fluctuations in domestic fuel prices. Analysts note that unless there is a sudden change in international supply dynamics or a significant movement in the rupee-dollar exchange rate, retail prices are likely to remain stable in the near term.
For consumers, stable fuel prices provide a degree of predictability at a time when household budgets remain under pressure from rising costs in other areas. Transporters, farmers, and small businesses that rely heavily on diesel have also welcomed the absence of sudden price hikes, as fuel costs directly affect logistics and operating expenses.
Fuel prices in India continue to include a substantial component of central excise duty and state taxes. While governments have periodically adjusted these duties in the past to manage inflation or fiscal pressures, there have been no changes announced affecting prices on February 6. With broader economic indicators in focus and policy discussions ongoing, fuel taxation remains an area closely watched by both consumers and industry stakeholders.
As India’s demand for petrol and diesel continues to grow alongside urbanisation and vehicle ownership, fuel prices remain a daily point of attention for millions. While today’s rates reflect stability, experts caution that prices can shift quickly in response to global developments, reinforcing the importance of monitoring daily updates at the pump.
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Last Updated on: Friday, February 6, 2026 11:31 am by News Proton Team | Published by: News Proton Team on Friday, February 6, 2026 11:31 am | News Categories: Trending, General