Today a big news is coming from the global market. Crude oil prices have seen a huge jump of up to 3% due to the renewed conflict between the US and Iran. On the morning of Friday, May 8, Brent crude rose 3% to $102.7 per barrel. At the same time, American oil (WTI) is also trading at $97.26 per barrel, which has seen an increase of 2.58%.
It is noteworthy that the US Army has retaliated against Iran, after which Iran has accused America of violating the ceasefire and attacking civilian areas. Amid these developments, Donald Trump has warned that if there is no peace deal between the US and Iran soon, more attacks will be carried out against Tehran.
Relief for the common man: No increase in petrol and diesel prices in India
Despite this turmoil in crude oil prices, there is a good news for the common man of India. Companies like Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) have once again made no change in the prices of petrol and diesel today.
Know the latest prices of petrol and diesel in your city
Whenever crude oil prices rise, most people become worried about the possibility of petrol and diesel becoming more expensive. So, today—May 8, 2026—before you set out to refuel your car, be sure to check the current per liter price of petrol and diesel in your city.
Today petrol price in Delhi is ₹94.77 and diesel price is ₹87.67 per liter.
Petrol is available in Kolkata at the rate of ₹105.41 and diesel at ₹92.02 per liter.
Petrol price in Mumbai remains stable at ₹103.54, while diesel is at ₹90.03 per litre. Today petrol is being sold at ₹ 100.84 and diesel at ₹ 92.39 per liter in Chennai.
Petrol price in Bengaluru is ₹102.92 and diesel price is ₹90.99 per liter.
Petrol is available at the rate of ₹94.88 and diesel at ₹87.98 per liter in Noida. Petrol in Gurugram is being sold for ₹95.65, while diesel is priced at ₹88.10 per litre.
**Additional burden on oil companies: loss up to ₹28 per liter**
Although the retail prices of petrol and diesel have not been increased, it is putting a heavy burden on the government oil companies. Due to rising crude oil prices and stagnant retail prices, these companies are facing ‘under-recovery’ – or losses – of ₹25 to ₹28 per litre. The ongoing conflict in West Asia has disrupted supply chains; Nevertheless, the government has refrained from increasing the prices of petrol and diesel.
The Petroleum Ministry has clarified that despite fluctuations in the international market, there are adequate reserves of fuel in the country, and prices have been kept stable keeping in mind the interests of consumers.
If you want to know the prices in your city, you can get the latest updates through mobile apps or SMS services of oil companies. Currently, there is instability in the global market, due to which price fluctuations may be seen in the coming days.
