Petrol Diesel Price Today: Fresh fuel prices have been released across India for July 4. While rates remain largely unchanged in most cities, local taxes continue to create price differences from one state to another. Here's the latest city-wise fuel price list and the key factors that influence petrol and diesel prices.

Every morning at 6 AM, India's public sector oil marketing companies (OMCs) revise and publish the latest retail prices of petrol and diesel. These daily updates are closely monitored by millions of consumers, transport operators, and businesses, as fuel prices directly impact household budgets, logistics costs, and the prices of essential goods.

For Saturday, July 4, 2026, petrol and diesel prices have once again been updated across the country. Although there has been no major nationwide revision, consumers in some cities may notice slight differences due to state-specific taxes and local levies.

The pricing mechanism is linked to several economic factors, including global crude oil prices, the rupee's exchange rate against the US dollar, refining expenses, and government taxes.

Latest Petrol and Diesel Prices in Major Cities

Here are the updated fuel rates for some of India's major cities on July 4, 2026:

Note: Prices may vary slightly depending on the specific fuel station within a city.

Why Fuel Prices Have Remained Relatively Stable

Retail petrol and diesel prices in India have witnessed limited movement over the past two years. One of the primary reasons is the reduction in central and state taxes announced in May 2022, which helped ease the burden on consumers.

Even though international crude oil prices continue to fluctuate from time to time, domestic retail prices have remained comparatively stable. Oil marketing companies generally balance global price movements with taxation and pricing policies before making changes to retail fuel rates.

As a result, large and frequent price revisions have become less common, providing consumers with greater price stability.

What Determines Petrol and Diesel Prices in India?

Several economic and policy-related factors contribute to the final retail price paid by consumers.

International Crude Oil Prices

Crude oil serves as the primary raw material for producing petrol and diesel. Any increase or decline in global crude prices eventually affects domestic fuel pricing.

Rupee-Dollar Exchange Rate

India imports a significant portion of its crude oil requirements, and purchases are made in US dollars. A weaker rupee increases import costs, which can put upward pressure on fuel prices.

Taxes Levied by Governments

Both the Central Government and state governments impose taxes on petrol and diesel. Since state-level taxes differ across India, retail fuel prices vary from one city to another.

Refining and Transportation Costs

Crude oil must undergo refining before it can be supplied as petrol or diesel. Processing expenses, transportation charges, and distribution costs also contribute to the final retail price.

Market Demand and Supply

Fuel consumption patterns also influence pricing. During periods of higher demand—such as festival seasons, holidays, or increased travel—market conditions can impact pricing decisions alongside other economic factors.

How to Check Fuel Prices Through SMS

Consumers can also receive the latest fuel prices on their mobile phones using the official SMS services provided by oil marketing companies.

• Indian Oil (IOCL): Send RSP to 9224992249.

• Bharat Petroleum (BPCL): Send RSP to 9223112222.

• Hindustan Petroleum (HPCL): Send HP Price to 9222201122.

These services provide the latest fuel prices for your registered city without requiring internet access.

Why Checking Daily Fuel Rates Matters

Although retail fuel prices have remained largely stable in recent years, they are still reviewed every day. Even minor revisions can influence transportation costs, logistics expenses, and the prices of everyday goods and services.

For regular commuters, commercial vehicle operators, and businesses that rely heavily on transportation, staying updated with the latest petrol and diesel prices can help in better budgeting and cost planning. Consumers are therefore advised to check the official daily fuel rates before refuelling, especially if they are travelling between different states where tax structures may vary.