Petrol, Diesel Prices On 29 April - How Much Does Fuel Refill Cost In Delhi, Mumbai, Kolkata, Bengaluru Today

(MENAFN- Live Mint) Petrol and diesel prices in India's domestic retail market remained stable held on 29 April 2026, with marginal changes in Noida and Chennai. State-run oil marketing companies continue to absorb major chunk of international market fluctuations to shield consumers and control inflation.

While opposition claims that the stability in oil prices is temporary, the Indian government indicated that domestic fuel prices are expected to remain unchanged for the near term despite continued turbulence in global crude markets.

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Congress' senior leader Rahul Gandhi, who is also the Leader of Oppositon in Lok Sabha took a jibe at Modi government on Tuesday. The 55-year-old politician alleged that the Centre will soon increase prices of petroleum products which have remained unchanged for a record fourth year.

In a post on X, he wrote,“Election relief over, inflation's heat is on its way! After April 29th, watch out - petrol, diesel, everything will get expensive. When oil was cheap, the Modi government pocketed the profits. Now that it's expensive, it'll dump the burden on you. A government that loots when it's cheap - leaving the public to bear the brunt of inflation.”

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According to him, the government provided a cushion to domestic consumers despite spike in global oil prices due to elections in West Bengal, Assam, Kerala, Puducherry and Tamil Nadu. Phase 2 polling is being held in West Bengal today with results scheduled for 4 March.

Global oil prices witnessed significant volatility, with almost 50 per cent surge, in the past two months due to the West Asia war. Iran conflict with Israel and the United States began on 28 February, since then there has been energy crisis across the globe because of disruption in oil supply chain. The near blockade of Strait of Hormuz, the strategic waterway through which 20 percent of global oil and liquified natural gas exports take place, has resulted in the price hike of brent crude oil.

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Dismissing speculation of petrol and diesel price hike after conclusion of West Bengal phase 2 polling today, a senior government official said that the authorities have no plans to increases rates. "There is no proposal to increase petrol and diesel prices," PTI quoted Ministry of Petroleum and Natural Gas Joint Secretary Sujata Sharma as saying. State-run fuel retailers are incurring heavy losses amid the widening gap between input costs and pump prices.

Brent crude oil registers gains

Amid reports that US would continue its blockade of Iranian ports, oil prices climbed on Wednesday, extending their multi-day rally. Brent crude futures for June rose 52 cents, or 0.47%, to $111.78 per barrel, marking an eighth consecutive day of gains in the wake of expectations of prolonged supply disruptions in the key Middle East producing region.

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