Economy

Fuel Price Movements and Market Dynamics

Thursday, June 18, 2026
5 min read
Fuel Price Movements and Market Dynamics

Petrol, diesel and CNG prices held steady on Monday, June 18th. That’s what they stayed at.

But behind that stillness, there was movement happening somewhere else. Oil market companies and those natural gas distributors they do their thing every morning, revising the numbers right at six a.m. It’s constant revision.

Still, you had to account for the squeeze from the crude oil side. Petrol and diesel saw bumps of about seven point five rupees per litre so far, just because of that whole West Asia situation hanging over everything.

That crisis was starting to ease up, though. Crude prices cooled down further, nudging back toward that pre-war level of seventy-five a barrel. It felt like something shifted when the US and Iran signed that interim peace deal. That months-long knot in the global economy the energy panic it seemed to loosen a bit. WTI futures dipped to $75.45, Brent followed at $78.36 on Thursday morning.

President Trump was around that? He spoke about the aGreement being formally signed during the G7 summit. Just another piece of noise in the background.

The government still made adjustments on the export side. They hiked the duty on diesel and aviation turbine fuel, but petrol exports stayed put. It’s a messy balancing act.

For the fortnight starting June 16th, that meant diesel saw a jump to fourteen rupees per litre from thirteen point five. ATF duties got bumped up too, moving from nine point five to twelve point five. Petrol export duty? That one was left alone at one point five per litre.

Then you had the gas side. Domestic LPG cylinder prices jumped by twenty-nine rupees. That second hike in three months. For Delhi, a standard fourteen point two-kilogram cylinder shot up from nine hundred thirteen to nine hundred forty-two. It felt like another immediate cost for families.

Commercial cylinder costs were already moving. They hiked earlier, starting back on June first. A nineteen-kilogram cylinder in Delhi went up by forty-two rupees, landing at three thousand one hundred thirteen point five. Prices are always shifting.

CNG saw a smaller move in Mumbai, maybe two rupees per kilogram, hitting eighty-six. After fifteen days of the previous hike that’s how fast things change. Domestic gas PNG got more expensive too, just fifty paise more, settling at fifty-two for every standard cubit metre now.

The regional differences really show up when you look at city by city. Hyderabad still had petrol at one hundred fifteen point six nine per litre on May twenty-fifth. Thiruvananthapuram was right behind it, sitting at one hundred fifteen point four nine.

But then there’s Chandigarh. It kept the lowest price among those listed cities for petrol, just ninety-eight point ten a litre. Lucknow and New Delhi followed suit, remaining relatively cheaper than some of the bigger metros around one hundred two point zero five and one hundred two point twelve respectively for diesel.

For diesel prices specifically, things were quite different. Thiruvananthapuram hit a high of one hundred four point four per litre there. Hyderabad was next with one hundred three point eight two. And Chandigarh? That city managed to keep the lowest diesel rate among them, sitting at eighty-six point zero nine per litre. It’s all very uneven across the board.

Written by Gree News Team — Senior Editorial Board

Gree News Team covers international news and global affairs at Gree News. Our collective of senior editors is dedicated to providing independent, accurate, and responsible journalism for a global audience.

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