Petrol-Diesel Price Today: Oil Marketing Companies (OMCs) have released the latest petrol and diesel prices for today. Amid relatively stable crude oil prices in the international market, fuel rates across most major Indian cities remain largely unchanged. However, retail prices continue to vary from state to state due to differences in local taxes and VAT.
Fuel Prices Remain Largely Stable Across India
India's leading fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL), have announced today's petrol and diesel prices.
Despite fluctuations in global crude oil markets, there has been no major revision in retail fuel prices across most parts of the country. Consumers may still notice slight variations depending on the city because state governments levy different Value Added Tax (VAT) rates and local charges.
Petrol and Diesel Prices in Major Metro Cities
According to the latest rates issued by the Oil Marketing Companies, fuel prices in India's four major metropolitan cities are as follows:
| City | Petrol (per litre) | Diesel (per litre) |
|---|---|---|
| Delhi | ₹94.72 | ₹87.62 |
| Mumbai | ₹106.31 | ₹94.27 |
| Chennai | ₹100.75 | ₹92.34 |
| Kolkata | ₹103.94 | ₹90.76 |
In some states where local taxes are comparatively lower, petrol prices are available from around ₹88.66 per litre, while diesel prices start at approximately ₹84.56 per litre.
Why Fuel Prices Differ Across States
Although the base price of petrol and diesel remains similar across the country, the final retail price differs because of several factors.
The key components that determine fuel prices include:
- International crude oil prices
- Exchange rate between the Indian Rupee and the US Dollar
- Central government's excise duty
- State government VAT
- Dealer commission
- Transportation and distribution costs
Since every state imposes different tax rates, consumers often pay different prices even in neighboring cities.
How Global Crude Oil Prices Affect India
India imports a significant share of its crude oil requirements from overseas markets. As a result, any movement in international crude oil prices can influence domestic fuel costs.
If crude oil prices rise sharply or the Indian Rupee weakens against the US Dollar, the overall cost of importing crude oil increases. Conversely, stable or declining crude prices generally help maintain steady retail fuel prices, provided there are no major tax revisions.
Oil Marketing Companies review fuel prices daily based on these factors before announcing revised rates.
Daily Fuel Price Revision
Petrol and diesel prices are updated every day at 6:00 AM by India's three public sector Oil Marketing Companies:
- Indian Oil Corporation (IOC)
- Bharat Petroleum Corporation Limited (BPCL)
- Hindustan Petroleum Corporation Limited (HPCL)
Even if there is no change in prices, the companies continue their daily review process based on global market conditions and currency movements.
Why Fuel Prices Matter
Changes in petrol and diesel prices have a direct impact on household expenses and the broader economy.
Higher fuel prices increase transportation costs, which can eventually affect the prices of:
- Fruits and vegetables
- Food products
- Consumer goods
- Logistics services
- Public transportation
On the other hand, stable fuel prices help control transportation expenses and may contribute to moderating inflation.
How to Check Petrol and Diesel Prices in Your City
Consumers can easily check the latest fuel prices using the official SMS services provided by the Oil Marketing Companies.
Indian Oil (IOC)
Send:
RSP
to 9224992249
Bharat Petroleum (BPCL)
Send:
RSP
to 9223112222
Hindustan Petroleum (HPCL)
Send:
HPPRICE
to 9222201122
Customers can also check the latest fuel prices through the official websites and mobile applications of their respective fuel retailers.
Final Takeaway
Fuel prices across most major Indian cities remain stable today despite ongoing fluctuations in international crude oil markets. While metro city rates have largely remained unchanged, retail prices continue to vary across states due to local taxation policies. Consumers are encouraged to verify the latest prices through official company platforms or SMS services before refueling.
Disclaimer: Petrol and diesel prices are revised daily by Oil Marketing Companies and may vary depending on city, state taxes, dealer location, and market conditions. Readers should check official IOC, BPCL, or HPCL channels for the most up-to-date fuel rates before making purchasing decisions.
