Petrol Diesel Price Today: Oil marketing companies (OMCs) have released the latest petrol and diesel prices for today. While fuel rates remain largely unchanged across most cities, minor variations continue due to state-level taxes and local levies. Here's a detailed look at today's fuel prices, the factors influencing them, and how you can check rates in your city.

Fresh Fuel Prices Released at 6 AM

Petrol and diesel prices are updated every morning at 6:00 AM by India's oil marketing companies. These revisions are based on several domestic and international factors, including global crude oil prices, currency exchange rates, transportation costs, and government taxes.

Although international crude oil prices continue to fluctuate, retail fuel prices have remained broadly stable in many parts of the country. However, motorists may notice slight differences in rates from one state or city to another because of varying VAT and local taxes.

Keeping track of daily fuel prices helps consumers and businesses better plan transportation and operating expenses.

Petrol and Diesel Prices in Major Cities

Here are the latest fuel prices reported in key Indian cities:

Note: Where only one fuel price was available, the corresponding rate has been listed.

Why Have Fuel Prices Remained Relatively Stable?

Retail fuel prices in India have remained comparatively stable since changes in central and state taxes introduced in recent years.

Even though global crude oil markets continue to witness periodic volatility due to geopolitical developments, supply-demand dynamics, and production decisions by oil-producing nations, domestic retail prices have shown limited movement over an extended period.

However, any significant change in international oil prices or taxation policies could influence future revisions.

What Determines Petrol and Diesel Prices?

Several factors contribute to the final retail price consumers pay at fuel stations.

International Crude Oil Prices

Crude oil is the primary raw material used to produce petrol and diesel. Any increase or decrease in global crude prices directly affects fuel production costs.

Rupee-Dollar Exchange Rate

India imports a large portion of its crude oil requirements. Since crude purchases are made in US dollars, fluctuations in the rupee's value against the dollar can impact domestic fuel prices.

Central and State Taxes

Excise duty imposed by the Central Government and Value Added Tax (VAT) levied by individual states form a significant portion of the retail fuel price. As VAT differs from one state to another, fuel prices vary across cities.

Refining and Transportation Costs

The cost of refining crude oil into petrol and diesel, along with storage, transportation, and distribution expenses, also contributes to the final retail price.

Demand and Supply

Seasonal demand, industrial consumption, transportation needs, and overall market conditions can influence fuel pricing over time.

How to Check Fuel Prices Through SMS

Consumers can also check the latest petrol and diesel prices on their mobile phones using SMS services provided by oil marketing companies.

Indian Oil (IOCL) Customers

• Type your city code followed by RSP and send it to 9224992249.

Bharat Petroleum (BPCL) Customers

• Send RSP to 9223112222.

Hindustan Petroleum (HPCL) Customers

• Send HP Price to 9222201122.

These services provide the latest fuel prices applicable to your location.

Final Takeaway

Today's petrol and diesel prices remain largely unchanged across most parts of India, with only minor city-specific variations resulting from local taxation. While global crude oil prices continue to influence the overall fuel market, domestic rates have remained relatively stable in recent months.

Motorists are advised to check the latest fuel prices regularly before refuelling, especially when travelling across different states where tax structures may lead to noticeable price differences.