Oil Marketing Companies (OMCs) revise petrol and diesel prices every day at 6 AM, adjusting them in line with changes in global crude oil rates and currency movements. This daily update enhances transparency and helps ensure that consumers receive the most accurate and current fuel prices.

Key Highlights

• Fuel prices remain unchanged nationwide as OMCs update rates daily based on global crude fluctuations.
• Major cities report varying petrol and diesel rates, with Hyderabad and Mumbai among the costliest.

Fuel prices across major Indian cities on December 4 show slight variations, with petrol and diesel rates differing from region to region. In New Delhi, petrol is priced at ₹94.72 per litre and diesel at ₹87.62, while Mumbai records higher rates at ₹104.21 for petrol and ₹92.15 for diesel. Kolkata follows with petrol at ₹103.94 and diesel at ₹90.76, whereas Chennai lists petrol at ₹100.75 and diesel at ₹92.34. In Ahmedabad, petrol costs ₹94.49 and diesel ₹90.17, and Bengaluru reports petrol at ₹102.92 alongside diesel at ₹89.02. Hyderabad has some of the highest prices, with petrol at ₹107.46 and diesel at 95.70. Jaipur records petrol at ₹104.72 and diesel at ₹90.21, while Lucknow shows comparatively lower rates at ₹94.69 for petrol and ₹87.80 for diesel. Pune reports petrol at ₹104.04 and diesel at ₹90.57, and Chandigarh has one of the lowest diesel prices at ₹82.45, with petrol at ₹94.30. Indore lists petrol at ₹106.48 and diesel at ₹91.88, whereas Patna posts ₹105.58 for petrol and ₹93.80 for diesel. In Surat, petrol is ₹95.00 and diesel ₹89.00, while Nashik records petrol at ₹95.50 and diesel at ₹89.50.

What Determines Petrol and Diesel Prices?

Fuel prices across the country have stayed unchanged since May 2022, after the central government and several states reduced taxes. OMCs continue to update rates daily based on shifts in international crude oil prices. Although linked to the market, these rates are also shaped by factors like excise duties, base pricing systems, and informal price controls.

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Major Factors Influencing Fuel Prices in India

• Crude Oil Costs: International crude oil prices are the primary determinant, as crude is the core raw material for petrol and diesel.

• Exchange Rate: India’s dependence on imported crude means the rupee–dollar value plays a major role. A weaker rupee makes fuel costlier.

• Taxes: State and central taxes form a substantial share of pump prices, causing variations between different regions.

• Refining Costs: The expense of converting crude into usable fuel affects retail prices. These costs vary with crude quality and refinery performance.

• Demand and Supply: Market demand also impacts pricing, with higher consumption often leading to increased prices.​

How to Check Fuel Prices via SMS

Consumers can get the latest fuel prices via SMS:

• Indian Oil: Send the city code and “RSP” to 9224992249.

• BPCL: Text “RSP” to 9223112222.

• HPCL: Send “HP Price” to 9222201122.