Vehicle owners in India have received some relief as petrol and diesel prices have been revised. On 27 January 2026, diesel prices fell by ₹5 per litre, while petrol also saw a reduction of ₹4 per litre in some regions. This change comes just after the 26 January celebrations, bringing welcome news to daily commuters and transport businesses.
The reduction is expected to ease the burden on the public, as fuel is a key component in the cost of goods and services. Cheaper fuel may indirectly contribute to lower transport costs and a slight dip in prices of everyday items.
Current Petrol and Diesel Prices in India
According to the latest updates, the prices in major Indian cities are as follows:
| City | Petrol (₹/Litre) | Diesel (₹/Litre) | Change |
|---|---|---|---|
| New Delhi | 94.72 | 87.62 | Stable |
| Mumbai | 103.54 | 90.03 | Stable |
| Kolkata | 105.41 | 92.02 | Stable |
| Chennai | 100.93 | 92.48 | Slight Rise |
| Raipur | 100.39 | 93.44 | Stable |
| Lucknow | 94.65 | 87.80 | Stable |
In most metropolitan areas, prices remain steady, while a minor increase is observed in Chennai due to local market conditions.
Why Did Fuel Prices Drop?
Fuel prices in India are influenced by both domestic and international factors. Recently, the global crude oil market saw a fall in prices, leading to a direct impact on local petrol and diesel rates.
The current international crude oil price is hovering around $63.63–$63.76 per barrel. When crude oil prices fall, fuel companies reduce the cost of petrol and diesel to reflect the changes, providing relief to the public.
Impact on Vehicle Owners and the General Public
The ₹5 reduction in diesel prices is especially significant for vehicle owners, transporters, and businesses relying on diesel-powered vehicles. It lowers running costs for trucks, buses, and other commercial vehicles.
For regular consumers, the price cut means slight savings on daily commutes. Over a month, even a small reduction in fuel costs can add up, giving some financial relief to households.
Comparison with Neighboring Countries
Nepal recently reduced petrol by ₹4 and diesel by ₹5 per litre, showing a similar trend in South Asia. This regional alignment in fuel pricing highlights how international crude oil prices and local taxes impact fuel rates.
Tips for Vehicle Owners
- Plan long trips when fuel prices are lower to save money.
- Monitor fuel price trends regularly, as small reductions can make a difference over time.
- Consider fuel-efficient vehicles or carpooling to reduce fuel expenses.
Conclusion
The fuel price cut on 27 January 2026 brings relief to both individual vehicle owners and businesses. With diesel down by ₹5 and petrol also seeing a minor reduction, daily commuting and transport costs will be slightly lower. Monitoring global oil trends can help predict future price movements, which could bring more savings to the public in the months ahead.
FAQs
What is the current petrol price in India on 27 January 2026?
The petrol price is stable in most cities. For example, it is ₹94.72 per litre in New Delhi and ₹103.54 per litre in Mumbai.
How much has diesel price dropped?
Diesel price has fallen by ₹5 per litre in India on 27 January 2026.
Why did fuel prices decrease suddenly?
The fall is mainly due to a decline in international crude oil prices, which directly impacts petrol and diesel rates in India.
Will this reduction affect daily expenses?
Yes, lower fuel prices reduce transport costs, which can slightly lower the price of goods and services, giving some relief to households.
Are fuel prices stable across all Indian cities?
Most cities have stable prices, though some regions like Chennai have seen minor increases due to local market conditions.