India Fuel Prices Steady: Windfall Tax Cut Amid Global Crude Rise
By Market Desk
Indian petrol & diesel prices remain unchanged on Aug 15, 2026, despite rising global crude oil, due to reduced windfall taxes on fuel exports.
Domestic petrol and diesel prices held steady across major Indian cities on August 15, 2026, despite a notable increase in global crude oil benchmarks.
Brent crude futures closed at $88.52 a barrel, while West Texas Intermediate (WTI) crude futures reached $82.40 a barrel on August 14. These gains were driven by geopolitical developments and emerging risks to global oil supplies.
Windfall Tax Adjustments
India concurrently implemented significant reductions in windfall taxes on specific fuel exports, effective from August 15. The government regularly revises these levies fortnightly, basing adjustments on international crude oil and petroleum product prices.
- Diesel export duty decreased from Rs 25.5 to Rs 24 per litre.
- Petrol export duty entirely removed, falling from Rs 3.5 to zero per litre.
- Aviation Turbine Fuel (ATF) duty reduced from Rs 22 to Rs 19.5 per litre.
City-wise Fuel Rates on August 15
The latest pricing data for petrol across key Indian metros on August 15, 2026, showed stable rates.
- Delhi: Rs 102.12/litre
- Kolkata: Rs 113.51/litre
- Mumbai: Rs 111.21/litre
- Chennai: Rs 107.77/litre
- Hyderabad: Rs 115.43/litre
- Bengaluru: Rs 111.68/litre
Similarly, diesel prices maintained their levels in major cities on the same date.
- Delhi: Rs 95.20/litre
- Kolkata: Rs 99.82/litre
- Mumbai: Rs 97.83/litre
- Chennai: Rs 99.55/litre
- Hyderabad: Rs 103.58/litre
- Bengaluru: Rs 99.56/litre
While international crude prices remain a significant factor, domestic petrol and diesel rates are also shaped by taxes, refining costs, and currency movements, contributing to their current stability.