Petrol, diesel prices on August 14 — Check fuel refill cost in Delhi, Mumbai, Kolkata, Bengaluru today
Retail fuel rates held steady on Friday, even as Brent crude price extended its decline. Check fuel rates in Delhi, Mumbai, Gurugram and other major Indian cities.
Petrol and diesel prices in major Indian cities like Delhi, Mumbai, Bengaluru, Pune and others remained unchanged on August 14, 2025, despite the ongoing decline of Brent crude oil, the global benchmark. Traders observed efforts for a potential resolution to reopen the Strait of Hormuz, while attacks on tankers and energy infrastructure continued to fuel market volatility.
Brent crude was trading near $87 a barrel, down 2.2% from the previous session, while West Texas Intermediate stood at around $81. The price of retail petrol and diesel in India, which aligns with the last major revision by Oil Marketing Companies (OMCs) nearly three months ago on May 25, 2025, remains unaffected by the current market conditions.
Major OMCs - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) - continue to shield consumers from price volatility. These prices are determined daily at 6 AM based on factors such as international crude oil prices, the rupee-dollar exchange rate, and taxes imposed by central and state governments.
OMCs revise fuel prices daily to keep domestic prices aligned with international crude oil prices and exchange rates. Oil futures are expected to rise by more than 40% this year as the Iran conflict, which began in late February, persists. The International Energy Agency forecast a deeper supply shortfall this quarter, with the deficit in 2026 expanding to the widest in five years.
Meanwhile, the US announced its intention to maintain a naval blockade of Iran indefinitely, intensifying economic pressure on Tehran amid stalled ceasefire talks. This blockade, already causing significant economic damage to Iran, could continue indefinitely as US military ships rotate in and out of the region, according to Defense Secretary Pete Hegseth. The United States also plans to inflict more financial damage on Iran through additional measures.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
