Petrol and Diesel prices on August 14: Get Today’s Rates in Delhi, Mumbai & Major Cities

Petrol and Diesel prices on August 14: Fuel prices in India remained steady despite last week's drop in crude prices amid the US-Iran conflict, as hopes grew that shipping through the Strait of Hormuz would soon resume.

Petrol and diesel rates have remained unchanged since May 25, when state-run Oil Marketing Companies last raised petrol by ₹2.61 per litre and diesel by ₹2.71 per litre.

NOTE: Stay informed with the latest breaking news, current affairs, top headlines, and latest updates from across the globe.

Petrol and Diesel Prices on August 14: Petrol Crosses ₹110/Litre Threshold in Most Major Indian Cities

In Delhi, petrol costs ₹102.12 per litre and diesel costs ₹95.20 per litre. In Mumbai, petrol is ₹111.21 per litre and diesel is ₹99.82 per litre, which is a bit higher than before.

In other big cities like Bengaluru, Hyderabad, and Kolkata, petrol costs more than ₹110 per litre. Diesel is under ₹100 in these cities, except in Hyderabad, where it costs ₹103.82.

Petrol Diesel Price in India: How Global Markets and Currency Fluctuations Directly Impact Fuel Costs

Petrol and Diesel prices on August 14: Fuel prices are influenced by a range of global, economic, and local factors. The most important is the international price of crude oil, which is the main part of petrol and diesel.

The rupee-dollar exchange rate is also important because India imports most of its crude oil.

Weakening Rupee and Local Taxes Push Up Fuel Costs Across Indian States

Petrol Diesel Price Latest News: If the rupee weakens against the dollar, crude oil becomes more expensive, which can raise fuel prices for customers.

Taxes from both the central and state governments are a large part of the final price.

This is why petrol and diesel prices differ across states. Transportation costs and supply and demand also affect what people pay at the pump.

Petrol and Diesel Prices on August 14: Petrol Diesel Rates Today

Below is a quick overview of the latest Petrol and Diesel rates in some of the following cities. Please have a look.

CITY	PETROL RATE	DIESEL RATE
New Delhi	₹102.12	₹95.20
Kolkata	₹113.51	₹99.82
Mumbai	₹111.21	₹97.83
Chennai	₹107.77	₹99.55
Gurugram	₹102.97	₹95.64
Noida	₹101.96	₹95.44
Bengaluru	₹111.68	₹99.56
Bhubaneswar	₹108.49	₹102.15
Chandigarh	₹102.01	₹94.08
Hyderabad	₹115.43	₹103.58
Lucknow	₹102.31	₹95.79

What Factors and Organisations Drive Changes in Gas Prices?

Petrol and diesel prices on August 14: In India, fuel pricing and distribution are mainly handled by Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL).

Retail fuel prices in India are influenced by international crude oil prices, the rupee-dollar exchange rate, and taxes levied by both the central and state governments.

Petrol and diesel rates change daily at 6 AM, depending on fluctuations in global crude oil prices and the value of the Indian rupee against major currencies.

Oil futures are on track for a weekly gain and have climbed over 40% this year as the war in Iran, which began in late February, continues.

Global Oil Crisis Deepens: IEA Projects Record Deficit Amid Extended US Blockade on Iran

According to reports, the International Energy Agency expects a larger supply shortfall this quarter and predicts the 2026 deficit could be the biggest in five years.

On Thursday, the United States said it might keep its naval blockade of Iran in place indefinitely and plans to put more economic pressure on Tehran.

Ceasefire talks have stopped, oil supplies are tighter, and tensions in the region are growing.

Hegseth and Bessent Outline Dual Military and Financial Squeeze on Iran

Defence Secretary Pete Hegseth told reporters that the US military can keep a naval presence in the region to enforce its blockade of Iran, which has already caused major economic damage to the country, according to Reuters.

Hegseth also said the US Navy could maintain the blockade by rotating ships in and out of the region.

On Thursday, Treasury Secretary Scott Bessent said the United States plans to put more financial pressure on Iran.

Iran Blockade to Remain Indefinitely, Threatening Global Oil Supplies

On Thursday, the United States announced it might keep its naval blockade of Iran in place for an indefinite period and plans to step up economic pressure on Tehran.

Ceasefire talks have stalled, global oil supplies are tighter, and tensions in the region continue to rise.

Defence Secretary Pete Hegseth told reporters that the US military can keep ships in the region to enforce the blockade of Iran.

According to a news agency, the blockade has already caused significant economic harm to Iran.

Read More: