As usual, on July 23, 2025, petrol and diesel prices across the country were updated at 6 am. Government oil companies release new prices every morning, which are based on international crude oil prices and foreign exchange rates. Fuel rates vary in different parts of the country due to differences in taxes.
Today's Rates in Major Cities
According to the rates released by oil companies, here are the petrol and diesel prices in several major Indian cities today, July 23:
- Jaipur: Petrol ₹104.72, Diesel ₹90.21
- Lucknow: Petrol ₹94.69, Diesel ₹87.80
- Pune: Petrol ₹104.04, Diesel ₹90.57
- Chandigarh: Petrol ₹94.30, Diesel ₹82.45
- Indore: Petrol ₹106.48, Diesel ₹91.88
- Patna: Petrol ₹105.58, Diesel ₹93.80
- Surat: Petrol ₹95.00, Diesel ₹89.00
- Nashik: Petrol ₹95.50, Diesel ₹89.50
There haven't been significant changes in these rates today, but this information is still updated daily to ensure the public has accurate information.
Why Prices Vary Across States
Petrol and diesel rates are not uniform across the country. The biggest reason for this is taxes. Each state government levies VAT and other charges according to its policies, which causes differences in prices. This is why different rates are seen in cities like Mumbai, Chennai, Delhi, and Kolkata.
Factors Determining Petrol and Diesel Prices
- Crude Oil Price: The international market price of crude oil directly affects petrol and diesel prices in India. If Brent crude becomes expensive, rates in India also go up.
- Rupee vs. Dollar: India imports most of its crude oil requirements. If the rupee weakens against the dollar, oil becomes more expensive.
- Government Taxes: The central government and state governments levy taxes on petrol and diesel. If the tax rate increases, the rates will also increase.
- Refining Cost: The process of converting crude oil into petrol or diesel is called refining. Its cost also affects the price.
- Supply and Demand: When the demand for oil is high in the market, especially during summers or festivals, it affects prices.
Why Basic Petrol-Diesel Rates Haven't Changed Since 2022
In May 2022, the central government and some state governments reduced taxes, which provided relief to the common people. Since then, petrol and diesel prices have remained fairly stable. However, oil companies review rates every day, but changes are made only when there is a significant international or domestic impact.
Now Know the Latest Rate of Your City From Home
In today's digital age, there is no need to go to the petrol pump to ask for the rate. Now you can also find out the price of petrol and diesel in your city today by sending a message from your mobile.
- Indian Oil (IOCL): Type the code of your city, write "RSP" after it and send it to 9224992249.
- BPCL (Bharat Petroleum): Write "RSP" and send it to 9223112222.
- HPCL (Hindustan Petroleum): Write "HP Price" and send it to 9222201122.
The code of each city is different which can be found on the website of the concerned company or from the nearest dealer.
Other Things Related to Petrol and Diesel That Are Important to Know
Search for Alternatives: Due to rising prices, people are now turning to alternatives like electric vehicles and CNG.
Government Subsidy: The government has been trying to provide relief on LPG and fuel from time to time through schemes like Ujjwala Yojana.
World's Eye on India: India is the third largest oil consuming country in the world, so the world keeps an eye on its demand and prices.
What is the Role of Oil Companies
In India, oil prices are determined by government companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum. These companies release new prices every morning, taking into account international market conditions, refining costs, and other economic factors.
Festive Season May Have an Impact
As the season of Sawan, Raksha Bandhan, Ganesh Chaturthi and further festivals begins in the country, the demand for petrol and diesel starts increasing. In such a situation, fluctuations in prices are sometimes seen.
