Petrol and Diesel Price Today: The central and state governments charge high taxes on petrol and diesel. That’s why fuel prices differ from state to state.
Fuel prices in India are revised daily at 6 AM under the ‘Daily Price Revision System’ followed by oil companies.
This system is designed to give consumers the most accurate and transparent fuel prices based on international crude oil rates and daily economic changes.
While major changes have not occurred in recent months, fresh rates are still released every morning.
This system helps consumers stay updated with global trends and check daily fuel prices across the country. That’s why it’s important to know the petrol and diesel prices in your city each day.
Why Should You Know Today’s Fuel Rate?
Knowing the rate of petrol and diesel in your city on July 1 is useful because prices differ due to taxes and local charges. Here are the latest prices for major cities as of June 30:
Petrol and Diesel Prices in Major Cities (June 30):
New Delhi: Petrol ₹94.72 | Diesel ₹87.62
Mumbai: Petrol ₹104.21 | Diesel ₹92.15
Kolkata: Petrol ₹103.94 | Diesel ₹90.76
Chennai: Petrol ₹100.75 | Diesel ₹92.34
Hyderabad: Petrol ₹107.46 | Diesel ₹95.70
Patna: Petrol ₹105.58 | Diesel ₹93.80
Why Do Fuel Prices Change Every Day?
Fuel prices are affected not only by global crude oil rates but also by various domestic and international factors, such as:
Global Crude Oil Prices:
India imports most of its crude oil. Any increase in global crude prices impacts fuel rates here.
Rupee-Dollar Exchange Rate:
Oil trade happens in US dollars. If the rupee weakens, India has to pay more, raising fuel prices.
Government Taxes:
Central and state governments impose high taxes, which is a major reason for different prices in each state.
Refining and Transport Costs:
Turning crude oil into petrol and diesel is expensive. Transporting it adds to the cost.
Demand and Supply:
Fuel prices rise when demand increases, such as during festivals or summer holidays, while supply may remain limited.
How to Check Fuel Price via SMS?
You can know your city’s fuel prices through SMS by using the following numbers:
IOC (Indian Oil): Send RSP <space> city code to 9224992249
BPCL (Bharat Petroleum): Send RSP to 9223112222
HPCL (Hindustan Petroleum): Send HP Price to 9222201122
Stable Rates Since May 2022
Since the central government reduced fuel taxes in May 2022, there have been no major fluctuations in fuel prices—even though global crude oil prices continue to rise.
The government has maintained stable domestic fuel rates.
