Fuel prices for petrol and diesel were revised on March 22, 2026, with oil marketing companies announcing updated rates at around 6 a.m. Across several cities, prices remained unchanged, while marginal adjustments were recorded in select locations. Fuel prices continue to directly influence household expenses and operational costs across sectors.
City-wise pricing reflects variations driven primarily by state-level taxation. In New Delhi, petrol is priced at ₹94.72 per litre and diesel at ₹87.62 per litre. Mumbai records petrol at ₹104.21 and diesel at ₹92.15 per litre. In Kolkata, petrol stands at ₹103.94 and diesel at ₹90.76, while Chennai reports petrol at ₹100.75 and diesel at ₹92.34 per litre.
Ahmedabad shows petrol at ₹94.49 and diesel at ₹90.17, while Bengaluru records petrol at ₹102.92 and diesel at ₹89.02 per litre. Hyderabad continues to report elevated levels with petrol at ₹107.46 and diesel at ₹95.70. Jaipur records petrol at ₹104.72 and diesel at ₹90.21, while Lucknow shows petrol at ₹94.69 and diesel at ₹87.80 per litre.
In Pune, petrol is priced at ₹104.04 and diesel at ₹90.57. Chandigarh reports petrol at ₹94.30 and diesel at ₹82.45. Indore records petrol at ₹106.48 and diesel at ₹91.88, while Patna shows petrol at ₹105.58 and diesel at ₹93.80 per litre. Surat reports petrol at ₹95.00 and diesel at ₹89.00, while Nashik records petrol at ₹95.50 and diesel at ₹89.50 per litre. The variation across cities underscores the impact of state-specific taxation structures.
Fuel prices in India have not witnessed significant fluctuations over the past two years. A key factor behind this stability is the reduction in taxes by the central government and several state governments since May 2022. This has moderated the transmission of global crude oil price volatility to domestic retail prices, resulting in relatively stable fuel rates.
However, price stability is contingent on global market conditions. Any substantial movement in international crude oil prices may be reflected in domestic fuel rates.
Petrol and diesel prices are determined by multiple factors, including international crude oil prices, exchange rate movements between the Indian rupee and the US dollar, and central and state government taxes. India imports crude oil and pays in US dollars, making exchange rate fluctuations a critical determinant. Refining costs and the demand-supply balance also contribute to the final retail price. Periods of higher consumption, including seasonal demand spikes, can influence pricing dynamics.
Fuel prices have a broader economic impact beyond transportation. Higher fuel costs increase logistics expenses, which in turn affect the prices of essential commodities such as vegetables, fruits, and food grains. Stability in fuel prices provides partial relief to household budgets, while fluctuations can alter expenditure patterns.
Consumers can access daily fuel prices through mobile-based services. Indian Oil customers can send “RSP” along with their city code to 9224992249. Bharat Petroleum customers can send “RSP” to 9223112222, while Hindustan Petroleum customers can send “HP Price” to 9222201122 to receive updated rates.
