Business DeskLast Updated: 03 March 2026, 07:54 AM ISTShare Despite a surge in global crude oil prices to nearly $78 per barrel due to Middle East tensions, fuel prices across India remained stable on March 3, 2026 Representational Image | Agencies New Delhi: Retail fuel prices in India’s major metropolitan hubs remained largely consistent on Tuesday, March 3, 2026. Despite a turbulent global energy market and a recent spike in international crude oil prices, which surged following geopolitical escalations in the Middle East, domestic oil marketing companies (OMCs) have maintained a steady hand at the pumps. Regional Breakdown: Current Retail Rates While prices vary by state due to localised Value Added Tax (VAT) and freight charges, the following rates were recorded for major cities as of 6:00 AM today: CityPetrol (₹/L)Diesel (₹/L)New Delhi₹94.77₹87.67Mumbai₹103.54₹90.03Chennai₹100.85₹92.39Kolkata₹105.45₹92.02Bengaluru₹102.92₹90.99Thiruvananthapuram₹107.48₹96.48 Market Context: Stability Amidst the Storm The domestic price freeze comes at a critical juncture.
