Diesel price today (24 April 2026): Iran ship seizures in Hormuz push crude higher, check latest city rates

The Ministry of Petroleum and Natural Gas (MoPNG) has dismissed viral reports suggesting a possible Rs 25 to Rs 28 per litre increase in petrol and diesel prices after assembly elections. In a post on X, the ministry clarified that there is “no such proposal under consideration by the government”.

The government stated that state-owned fuel retailers are currently incurring losses of about Rs 20 per litre on petrol and nearly Rs 100 per litre on diesel. This comes as pump prices have remained unchanged for close to four years despite a rise in global crude oil prices. The ministry further said there is no immediate plan to revise retail fuel rates.

Strait of Hormuz disruption pushes crude oil higher

Global oil markets firmed up after traffic through the Strait of Hormuz was disrupted following the seizure of two ships by Iran, including one bound for Kandla port in Gujarat. The development has added uncertainty to global energy flows, with nearly 20 per cent of the world’s energy exports passing through the route. Brent crude prices rose above $103 per barrel on Thursday.

diesel prices across major cities

City	Diesel price (Rs/litre)	Change
New Delhi	87.67	No change
Kolkata	92.02	Unchanged
Mumbai	90.03	No change
Chennai	92.48	Down 0.13
Gurgaon	88.30	Up 0.36
Noida	87.81	Down 0.20
Bangalore	90.99	No change
Bhubaneswar	92.60	Down 0.17
Chandigarh	82.45	Unchanged
Hyderabad	95.70	No change
Jaipur	89.93	Down 0.48