Petrol and diesel prices today, 11 July: Fuel rates in Delhi, Mumbai, Bengaluru, Kolkata as crude price softens

Fareha Naaz Updated11 Jul 2026, 08:03 AM IST Petrol and diesel prices today, 11 July: Fuel prices in India stood steady on Saturday despite softening of oil prices from earlier weekly peaks. This retreat on Friday was driven by resumption of diplomatic talks between the United States and Iran. The flare-up in fighting seems subdued as the two sides are continuing technical discussions to find a solution. With negotiations in progress, the June agreement to halt military action was “over,” US President Donald Trump said. The recent escalation in hostilities deterred tanker traffic through the Strait of Hormuz and as a result upended global energy trade. As the Persian Gulf waterway remains the point of contention, Washington wants public statement from Tehran declaring that the ship traffic through the Hormuz chokepoint has been fully restored, AP reported. According to Tehran's semi-official Tasnim news agency, a Qatari delegation arrived in Iran for next round of discussions. The price of Brent crude, the international benchmark fell 0.41% and settled at $75.99 per barrel, Reuters reported. According to ship-tracking data, traffic in Hormuz remained thin on Friday after appearing to come to a near halt on 9 July. Energy specialist at TP ICAP Group Plc Scott Shelton said, “Overall, the price action is consistent with the narrative that the market doesn’t think the hostilities are going to last," Bloomberg reported. He added, “On the flip side, oil flows out of the Strait of Hormuz are down significantly from last week while there are signs that China may be increasing runs.” Moving to city-specific petrol and diesel prices on 11 July, we observe that fuel rates remain unchanged and largely correspond to effective prices brought about by latest revision that occurred on 25 May. Since state-run OMCs determine retail fuel prices in India, domestic petrol and diesel prices remain stable even at the face of global fluctuation in crude prices. Amid row over ethanol blending and its impact on vehicles, the Ministry of Petroleum and Natural Gas issued an official clarification defending India's ethanol blending programme. Rejecting claims that the country moved too quickly compared to nations like Brazil, the government emphasized that the country's transition towards ethanol-blended petrol has been a gradual, carefully planned process spanning more than two decades. According to the Petroleum Ministry, ethanol blending pilot programme was launched in 2001 which implies that biofuel initiatives in India predate the present government. The biofuel project was formally announced in 2004, and E5 (5 per cent ethanol blending) introduced across several states by 2006. During the earlier days of the initiative, "ethanol production depended largely on sugarcane, a seasonal crop, with annual production capacity of around 400 crore litres, which was insufficient to meet higher blending targets." A breakthrough came after the launch of the National Policy on Biofuels in May 2018, which focused on creating an ecosystem for large-scale ethanol production. Fareha Naaz Fareha Naaz is a Delhi-based journalist and Content Producer at LiveMint, where she has built nearly three years of experience in digital journalism. She covers a diverse range of topics, including national news, education, entertainment, lifestyle trends science, global health and international news.<br><br> With a background in Economics and Education, she focuses on providing insightful, thoroughly researched coverage that bridges the gap between breaking news and in-depth analysis. In addition to breaking copies, legal and political news, her reporting blends editorial rigour with search-driven storytelling. With a keen eye-on-global events, she provides insightful coverage on latest developments. Her reporting combines editorial rigour with in-depth coverage and search-driven storytelling provide valuable insight and context to readers, ensuring accuracy and relevance.<br><br> Her newsroom experience helped her in combining her critical thinking skills with real-time editorial decision-making. Over the years, she has been presenting complex stories with clarity for a digital-first audience amid fast-paced news cycles. Her thoroughly researched stories, with well-structured and engaging content, provide readers with clear understanding of the context and background.<br><br> Fareha holds a Master’s degree in Economics, in addition to a Bachelor of Education degree.<br><br> When not in the newsroom, she enjoys painting and sports, reading books and current developments. ✕Wait for it… Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.