Petrol Diesel Price Today 8 July 2026: New prices of petrol and diesel released in major cities of UP, know what is the oil rate in Lucknow and Kanpur today. – ..

Every morning not only starts with new rays of the sun, but also brings a big update for the drivers with the new prices of petrol and diesel. These fuel prices have a direct impact on the monthly budget and pocket of the common man. Every day at 6 am in India, the country’s government oil marketing companies (OMCs) release the latest rates of petrol and diesel, which are based on the prices of crude oil in the international market and the fluctuations in the exchange rate of rupee against dollar. New oil prices have also been released in Uttar Pradesh today, July 8, 2026.

From Lucknow, Kanpur to Noida: Today’s price in cities of UP

If you are leaving home today with a car or are thinking of filling the fuel tank, then the per liter prices of petrol and diesel in major cities of Uttar Pradesh are as follows:

Why did oil prices become expensive recently?

There has been a significant increase in the prices of petrol and diesel in the domestic market in recent times. There was a major revision in fuel prices on May 15, 2026, under which the prices of both petrol and diesel were increased by Rs 3 per liter directly, and even after that the prices were seen increasing several times.

Union Petroleum Minister Hardeep Singh Puri, while clarifying the global reasons behind this price increase, had said that due to the sharp rise in the prices of crude oil in the international market, there is huge pressure on oil companies for under-recovery (selling at less than cost). Due to this situation, oil marketing companies were incurring huge financial losses of around Rs 1,000 crore every day, due to which the total under-recovery was estimated to reach around Rs 1.98 lakh crore.

According to the Petroleum Minister, the quarterly loss of companies alone had reached around Rs 1 lakh crore. On the other hand, crude oil prices also increased from the earlier low of $64-$65 per barrel to around $115 per barrel at one time. Although India had kept fuel prices from increasing for a long time after the year 2022 and had given relief to consumers, but due to this severe recession and pressure in the global market, it finally became necessary to increase the prices partially in the last few days.