Every day begins not just with the sun’s rays, but also with changing fuel prices, which directly impact your pocket. At 6 a.m., the country’s oil marketing companies (OMCs) release the latest rates based on international crude oil prices and the dollar-rupee exchange rate. Whether you’re an office-going professional or a small shopkeeper, staying updated on these daily prices is not only important but also wise.
Today’s petrol and diesel rates in major cities across India are provided. This government system ensures consumers receive transparent and accurate information.
Fuel Prices in Major Cities
- New Delhi: Petrol ₹94.72 and diesel ₹87.62 per liter.
- Mumbai: Petrol ₹104.21 and diesel ₹92.15 per liter.
- Kolkata: Petrol ₹103.94 and diesel ₹90.76 per liter.
- Chennai: Petrol ₹100.75 and diesel ₹92.34 per liter.
- Bengaluru: Petrol ₹102.92 and diesel ₹89.02 per liter.
- Hyderabad: Petrol ₹107.46 and diesel ₹95.70 per liter.
- Patna: Petrol ₹105.58 and diesel ₹93.80 per liter.
- Lucknow: Petrol ₹94.69 and diesel ₹87.80 per liter.
- Jaipur: Petrol ₹104.72 and diesel ₹90.21 per liter.
- Ahmedabad: Petrol ₹94.49 and diesel ₹90.17 per liter.
- Pune: Petrol ₹104.04 and diesel ₹90.57 per liter.
- Chandigarh: Petrol ₹94.30 and diesel ₹82.45 per liter.
- Indore: Petrol ₹106.48 and diesel ₹91.88 per liter.
- Surat: Petrol ₹95.00 and diesel ₹89.00 per liter.
- Nashik: Petrol ₹95.50 and diesel ₹89.50 per liter.
Why Fuel Prices Change
Petrol and diesel prices have remained relatively stable for the past two years (since May 2022) due to tax cuts by the central government and several states. Although the international market fluctuates, prices for Indian consumers have remained more or less stable.
First, crude oil prices have a direct impact, as petrol and diesel are primarily made from crude oil. When international crude oil prices rise, it directly impacts the Indian market. Another major factor is the rupee versus dollar exchange rate. India meets most of its crude oil needs through imports, which are paid for in dollars, so if the rupee weakens, fuel becomes more expensive.
The third and most influential factor is government taxes and duties. The central and state governments impose heavy taxes on petrol and diesel, which account for a significant portion of the retail price. This is why there is a significant price difference between states.
The fourth factor is refining costs, which are incurred in the process of converting crude oil into usable fuel and depend on the quality of the crude oil. Finally, the balance of demand and supply also affects prices. If fuel demand increases in the market, especially during festivals or summer, prices also tend to rise.
Check your city’s prices from home with an SMS
If you want to know the exact petrol and diesel prices in your city instantly, this SMS process is very simple. Indian Oil customers can type their city code and send it along with “RSP” to 9224992249. BPCL customers can send “RSP” to 9223112222. HPCL customers can send “HP Price” to 9222201122. This way, you can always stay updated on the latest prices and better plan your daily expenses.