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Meanwhile, India's fuel prices remain stable despite global volatility, with companies absorbing fluctuations to protect consumers.
Rising geopolitical tensions have pushed Brent crude prices near $108 per barrel, but petrol prices in India remain stable due to a system where oil marketing companies absorb fluctuations.(Pixabay)Petrol and diesel prices in India stayed steady on 27 April 2026, despite significant fluctuations in global oil markets driven by geopolitical tensions in West Asia.
Despite continued volatility in global oil markets, the government of India has indicated that petrol and diesel prices are expected to stay stable for now. Oil marketing companies are said to be absorbing part of the fluctuations to shield consumers from sudden price hikes.
Fuel prices are revised daily at 6 AM by these companies, based on movements in international crude oil prices and foreign exchange rates. This system is designed to ensure transparency and align domestic fuel prices with real-time market conditions.
| Delhi | 94.77 | 87.67 |
| Kolkata | 105.41 | 92.02 |
| Hyderabad | 107.50 | 95.70 |
| Mumbai | 103.50 | 90.03 |
| Bengaluru | 102.92 | 90.99 |
| Chennai | 100.90 | 92.48 |
Oil prices climbed on Monday, while stock markets showed mixed performance as the United States and Iran remained no closer to resolving their eight-week-long conflict after Donald Trump called off his envoys’ planned trip for peace negotiations over the weekend.
Any optimism about progress in talks scheduled in Pakistan faded on Saturday, when the US president dismissed the idea of negotiations, saying there was no benefit in “sitting around talking about nothing.”
He said on Fox News that he told his team: "We have all the cards. They can call us anytime they want, but you're not going to be making any more 18-hour flights to sit around talking about nothing."
In other early Monday trading, the price of a barrel of Brent crude for July delivery rose to USD 100.57, while US benchmark crude increased by USD 1.28 to reach USD 95.65.
In currency markets, the US dollar slipped to 159.34 Japanese yen from 159.59, while the euro strengthened to USD 1.1723 from 1.1701.
Middle East War: What's latest?
Abbas Araghchi arrived in Saint Petersburg on Monday as fragile peace efforts between Iran and the United States remained uncertain, following a wave of regional diplomacy and the breakdown of planned talks in Pakistan.
According to Iran’s Foreign Ministry, Araghchi is expected to meet with Russian President Vladimir Putin during his visit.
The trip follows his stop in Oman and earlier travel to Islamabad, as mediators continue efforts to sustain dialogue between Tehran and Washington.
Iran has closed off the Strait of Hormuz, disrupting the flow of oil, gas, and fertiliser, driving prices higher and heightening concerns about food insecurity in developing nations. At the same time, a blockade by the United States remains in effect in the strait.
Expectations for a second round of talks in Pakistan had focused on a planned visit by Steve Witkoff and Jared Kushner. However, Donald Trump called off the trip after Iranian state television reported that Abbas Araghchi had no intention of meeting US officials there.
(With inputs from agencies)
About the Author
Mausam Jha
Mausam Jha is a journalist who focuses on world affairs and politics. She provides clear, informative reporting with a good understanding of both global events and their local impact. <br><br> Her clear, accessible reporting on political and international issues makes her a trusted source of news and analysis. <br><br> For the past three years, Mausam has worked with Mint, covering national politics, IR—including elections—and global affairs.<br> Before joining her current role, she gained experience working with The Statesman, ANI, and Financial Express, where she honed her skills in political and international news. <br><br> She has consistently tracked key electoral battles, including US elections, Japan elections, policy debates, and strategic affairs, explaining how global currents, from great power competition to regional conflicts <br><br> Beyond journalism, Mausam has a deep engagement with international relations, diplomacy, war studies, terrorism, political history, and political theory. She is particularly interested in the intersection of statecraft and society on how governance, ideology, and institutions shape lived realities, and how politics shape today's world order. <br><br> An avid reader of classical literature and political thought, she constantly explores the connections between historical ideas and contemporary policy challenges.
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