The American Petroleum Institute (API) has released crude oil stock data for the week ending June 26, 2026. According to the data, the stock now stands at 6.072 million barrels. It seems that the US will now try to replenish this stock. As a result, crude oil prices are rising around the world. However, India’s state-owned oil companies did not make any changes in the prices of petrol and diesel on Wednesday, July 1, 2026. There has been no change in domestic prices since May 25.
City Petrol price Rs per liter Diesel price Rs per liter Delhi 102.12 95.20 Kolkata 113.51 99.82 Mumbai 111.21 97.83 Chennai 107.77 99.55 Noida 102.12 97.56 Chandigarh 101.51 89.47 Lucknow 101.89 95.36 Patna 113.37 99.36 Ranchi 105.26 100.49 Bhopal 114.57 99.64
**Prices increased four times in May**
After the assembly elections in five states, petroleum companies increased the prices of petrol and diesel four times through May 2026 – and all this in just 11 days. State-owned oil companies first increased prices on May 15, 2026, with petrol becoming costlier by ₹3.00 per liter and diesel by ₹3.29 per litre. Subsequently, prices were increased on May 19 (petrol by ₹0.87, diesel by ₹0.91), May 23 (petrol by ₹0.87, diesel by ₹0.91) and May 25 (petrol by ₹2.61, diesel by ₹2.71). There has been no change in prices since then.
**Petrol prices in 4 big cities**
According to information received from oil companies, the price of petrol in Delhi is currently ₹ 102.12 per liter. In Kolkata it is ₹113.51, in Mumbai ₹111.21 and in Chennai it is ₹107.77.
**Diesel Prices**
According to government oil companies, the price of diesel in Delhi on Wednesday is ₹ 95.20 per liter. It is ₹99.02 in Kolkata, ₹97.83 in Mumbai and ₹99.55 per liter in Chennai. Recently the prices of crude oil have increased significantly. It has become costlier by about 50% since the conflict with Iran began.
Crude oil prices are continuously increasing. Crude oil reserves in America are continuously decreasing. According to American Petroleum Institute (API) data for the week ending June 26, 2026, crude oil reserves in the country are now only 6.072 million barrels. It seems that America will now try to replenish these reserves. Due to this trend, crude oil prices are increasing across the world. As a result, a slight rise was seen in the international crude oil market on Wednesday morning. Today, standard Brent crude was up 0.64% or $0.47 to trade at $73.42 per barrel. At the same time, US WTI crude is trading at $70.08 per barrel, up 0.83% or $0.58 per barrel.
