Fuel prices today [16 April, 2026]: Petrol and diesel remain stable in Delhi, crude falls below $95 on new peace hopes; Commercial LPG is ₹2,078

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Fuel prices today, April 16, 2026: Global fuel prices have entered a cooling phase following reports of renewed diplomatic momentum between the US and Iran. Despite a recent full naval blockade imposed by the US, crude oil benchmarks fell below the $95 threshold as traders began pricing in a possible second round of peace talks in Pakistan. In the Indian domestic market, retail prices of petrol and diesel at government outlets remain stable today, even as the cost of aviation fuel and commercial gas reflects past volatility.

Domestic Fuel Prices (India) – April 16, 2026

Retail prices of petrol and diesel in major Indian cities remain unchanged as of 6:00 am today.

Fuel Prices for New Delhi

• Petrol: ₹94.77 per liter | Diesel: ₹87.67 per liter | CNG: ₹77.09 per kg | Domestic LPG (14.2 kg): ₹913.00

Fuel prices in Mumbai

• Petrol: ₹103.54 per liter | Diesel: ₹90.03 per liter | CNG: ₹80.50 per kg | Domestic LPG (14.2 kg): ₹912.50

Fuel prices in Kolkata

• Petrol: ₹105.41 per liter | Diesel: ₹92.02 per liter | CNG: ₹93.50 per kg | Domestic LPG (14.2 kg): ₹939.00

Fuel prices in Chennai

• Petrol: ₹100.85 per liter | Diesel: ₹92.39 per liter | CNG: ₹91.50 per kg | Domestic LPG (14.2 kg): ₹928.50

Fuel prices in Bangalore

• Petrol: ₹102.92 per liter | Diesel: ₹90.99 per liter | CNG: ₹88.95 per kg | Domestic LPG (14.2kg): ₹915.50

Fuel prices in Hyderabad

• Petrol: ₹107.46 per liter | Diesel: ₹95.70 per liter | CNG: ₹97.00 per kg | Domestic LPG (14.2 kg): ₹965.00

Important commercial and alternative fuel tariffs

• Commercial LPG (19kg): Tariffs remain significantly higher after the hike of ₹194-215 introduced on April 1. Currently, a cylinder costs ₹2,078.50 in Delhi and ₹2,031.00 in Mumbai
• Aviation Turbine Fuel (ATF): Domestic jet fuel prices for scheduled airlines were revised to around ₹1,04,927 per KL even as unscheduled charter flights prices crossed the record ₹2.07 lakh per KL earlier this month
• Piped Natural Gas (PNG): Prices are stable at ₹47.89 per SCM in Delhi and ₹50.00 in Mumbai
• Premium Petrol (XP100): The retail price is around ₹160.00 per liter in Delhi
• AutoGas (LPG): Currently available in retail stores in Delhi at ₹64.80 per liter

International fuel prices – April 16, 2026

International benchmarks have retreated from earlier session highs as markets expect a diplomatic “departure” from the West Asia conflict.

• Brent crude oil (global): Price is around $94.75 to $95.60 per barrel
• WTI Crude Oil (US): Currently around $90.90 to $91.90 per barrel
• Urals oil: $117.46 per barrel, down 2.78%
• Performance: Brent has seen a weekly decline of about 10% since the ceasefire began, although the price is still almost 44% higher year-on-year due to previous spikes

Crude Oil (CLW00) price chart.

• Open: $88.31 | Peak Value: $88.31 | Lowest: $87.32
• Previous close: $88.13 | Volume: 3,692 | Open Interest: 320,631
• Daily change: -0.78%

Key market drivers

Diplomatic efforts

• US President Donald Trump has signaled that negotiations with Tehran could resume this week, despite a current US naval blockade of Iranian ports that has brought their maritime trade to a standstill

Strait of Hormuz

• The waterway remains a critical risk point. It handles about 20% of the world’s oil supply, and any confirmed long-term disruption could cause prices to jump to $120 to $150 a barrel

Regional negotiations

• Reports of separate negotiations between Israel and Lebanon have further supported a broader “wait-and-see” stance among commodity traders

Supply outlook

• The International Energy Agency (IEA) has warned of a potential historic supply shock if the conflict continues, although current stockpiles and strategic releases mitigate immediate shortages

Impact and outlook for India

Inflation risks

• Every $10 increase in crude oil prices increases India’s import costs by about $13-14 billion, putting downward pressure on the rupee

Energy security

• India has diversified its crude oil sourcing across more than 40 countries to maintain stable supplies despite disruptions in West Asia

Outlook on domestic prices

• Stability in retail prices is largely supported by state-owned oil companies such as IOCL and BPCL, which have kept interest rates stable to control domestic inflation despite international crude fluctuations
• The government has capped monthly fuel increases at 25% to protect passengers from extreme price increases

What this means for consumers

• Normal fuel: Petrol and diesel remain stable at government pumps for the time being
• Commercial LPG: Restaurants and small businesses pay ₹2,078.50 per 19 kg cylinder in Delhi
• ATF: Scheduled airlines pay around Rs 1.04 lakh per KL; Charter rates remain at a record high of ₹2.07 lakh per KL
• Premium Petrol: XP100 users pay ₹160 per liter in Delhi
• Outlook for peace talks: Any progress in negotiations could further reduce crude oil prices, while a collapse could trigger fresh spikes

Disclaimer: Fuel prices are subject to daily review by oil marketing companies. All prices listed are indicative and may vary depending on point of sale, location and date. Please check with your local gas station or official IOCL/BPCL/HPCL apps for real-time prices.