Petrol Diesel Price Today 2026: India’s fuel prices remain a key concern for consumers as global crude oil markets stay volatile. On March 28, 2026, petrol and diesel prices across major cities, including Kolkata, have remained largely unchanged, even after the Centre announced a significant cut in excise duty.
The government’s move comes amid rising global tensions and crude oil prices, but the expected relief at fuel pumps has not yet fully reached consumers.
Petrol & Diesel Price Overview (March 28, 2026)
| Category | Details |
|---|---|
| Date | March 28, 2026 |
| Petrol Price (Kolkata) | ₹103–₹105 per litre |
| Diesel Price (Kolkata) | ₹92.02 per litre |
| Price Trend | No change (Stable) |
| Excise Duty on Petrol | Reduced from ₹13 → ₹3 |
| Excise Duty on Diesel | Reduced from ₹10 → ₹0 |
| Impact on Consumers | No immediate price drop |
| Global Crude Oil Trend | Rising (above $100/barrel approx.) |
| Reason for Stable Prices | Oil companies adjusting losses |
| Private Fuel Price Change | Petrol +₹5.30, Diesel +₹3 (select retailers) |
| Future Outlook | Prices depend on global oil stability |
Latest Petrol & Diesel Price Today (March 28, 2026)
Kolkata Fuel Price (Your City)
- Petrol: ₹103–₹105 per litre (approx., stable)
- Diesel: ₹92.02 per litre
Fuel prices in Kolkata have shown no change in recent days, reflecting a stable pricing trend despite global fluctuations.
Fuel Prices in Major Cities (Approx.)
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| Delhi | ₹96–₹97 | ₹89–₹90 |
| Mumbai | ₹106–₹107 | ₹94–₹95 |
| Kolkata | ₹103–₹105 | ₹92.02 |
| Chennai | ₹102–₹103 | ₹94–₹95 |
| Bengaluru | ₹102–₹103 | ₹88–₹89 |
Prices remain mostly unchanged across cities despite recent policy changes.
Government Cuts Excise Duty on Petrol & Diesel
In a major move, the Central Government has reduced excise duty on fuel:
- Petrol duty reduced from ₹13 to ₹3 per litre
- Diesel duty reduced from ₹10 to zero
This step aims to control inflation and ease the burden on consumers as global crude oil prices surge due to geopolitical tensions.
Even after the excise duty cut, fuel prices at the retail level have not decreased significantly. Here’s why:
- Oil marketing companies are absorbing losses instead of reducing prices
- Global crude oil prices have surged sharply, crossing $100 per barrel
- Ongoing geopolitical tensions, especially in West Asia, are impacting supply
Experts say the duty cut is being used to stabilize prices rather than reduce them immediately.
Impact of Global Oil Crisis
The recent spike in crude oil prices is linked to:
- Conflict in the Middle East
- Disruption in global oil supply routes
- Increased demand amid uncertainty
This has forced governments worldwide to take measures. India’s excise duty cut is part of an effort to protect consumers from sudden price shocks.
Related Article: LPG ATM 2026 | India’s First 24×7 Cooking Gas Vending Machine Launched by BPCL
Private Fuel Retailers Increase Prices
While state-run fuel stations kept prices stable, private players like Nayara Energy increased prices:
- Petrol: +₹5.30 per litre
- Diesel: +₹3 per litre
This highlights the difference between regulated and market-driven pricing systems.
Will Petrol & Diesel Prices Fall Soon?
The big question remains: Will prices go down?
- Short term: Prices likely to remain stable
- Medium term: Possible revision depending on crude oil trends
- The government may review prices every 15 days
Experts believe any price cut for consumers will depend on global crude oil stability.
Key Highlights
- Fuel prices unchanged across major cities
- Kolkata diesel price steady at ₹92.02/litre
- Excise duty cut: Petrol ₹13 → ₹3, Diesel → 0
- No immediate price relief for consumers
- Global oil crisis continues to impact rates
FAQs
1. What is the petrol price in Kolkata today?
Petrol price in Kolkata is around ₹103–₹105 per litre, with no major change recently.
2. What is the diesel price in Kolkata today?
The diesel price in Kolkata is ₹92.02 per litre.
3. Why did the government cut excise duty?
To reduce inflation pressure and protect consumers from rising global crude oil prices.
4. Why are fuel prices not decreasing?
Oil companies are using the tax cut to offset losses caused by high crude oil prices.
5. Will petrol and diesel prices decrease soon?
Prices may fall only if global crude oil prices stabilize.
Conclusion
While the government’s excise duty cut is a major step, fuel prices in India remain stable rather than cheaper. For now, consumers in Kolkata and across the country will have to wait for global oil markets to cool down before seeing any significant relief at the pump.
