Oil marketing companies (OMCs) have released the latest petrol and diesel prices across India for June 29, 2026, updating fuel rates at 6:00 AM as part of the daily pricing mechanism. While fuel prices remained largely unchanged in most parts of the country, slight variations continue to exist across states due to differences in local taxes and levies.

Petrol and diesel prices in India are influenced by several factors, including international crude oil prices, the rupee's exchange rate against the US dollar, refining costs, transportation expenses, and state-level taxes. Although global crude oil markets continue to witness fluctuations, retail fuel prices have remained relatively stable over the past two years.

Here is a detailed look at today's fuel prices and the factors that influence them.

Petrol and Diesel Prices in Major Cities Today

The latest fuel prices in key Indian cities are as follows:

• New Delhi: Petrol ₹102.12/litre | Diesel ₹83.09/litre
• Mumbai: Petrol ₹111.18/litre | Diesel ₹86.00/litre
• Kolkata: Petrol ₹113.47/litre | Diesel ₹93.50/litre
• Chennai: Petrol ₹107.77/litre | Diesel ₹91.50/litre
• Gurugram: Petrol ₹102.77/litre | Diesel ₹91.70/litre
• Noida: Petrol ₹102.12/litre | Diesel ₹91.70/litre
• Bengaluru: Petrol ₹110.93/litre | Diesel ₹90.00/litre
• Bhubaneswar: Petrol ₹109.92/litre
• Chandigarh: Petrol ₹98.10/litre
• Hyderabad: Petrol ₹115.69/litre | Diesel ₹97.00/litre
• Jaipur: Petrol ₹112.66/litre | Diesel ₹90.91/litre
• Lucknow: Petrol ₹102.05/litre | Diesel ₹95.75/litre
• Patna: Petrol ₹113.35/litre
• Thiruvananthapuram: Petrol ₹115.49/litre
• Ahmedabad: Diesel ₹82.25/litre
• Pune: Diesel ₹92.50/litre

Since state taxes and transportation costs vary, fuel prices are not uniform across the country.

Why Have Fuel Prices Remained Stable?

Retail fuel prices in India have shown remarkable stability since May 2022, following reductions in excise duty by the Central Government and tax cuts announced by several state governments.

Although international crude oil prices have experienced periodic volatility due to geopolitical developments and supply concerns, domestic petrol and diesel prices have remained comparatively steady. This has helped reduce uncertainty for consumers and businesses that depend heavily on fuel.

However, future price revisions remain possible if there are significant changes in global oil markets or currency exchange rates.

What Determines Petrol and Diesel Prices?

Several economic and market factors influence daily fuel prices in India.

International Crude Oil Prices

Petrol and diesel are refined from crude oil imported from global markets. Any increase or decrease in international crude oil prices directly impacts the cost of producing fuel.

Rupee-Dollar Exchange Rate

India imports a large portion of its crude oil requirements, with payments made in US dollars. If the Indian rupee weakens against the dollar, import costs rise, making fuel more expensive even if crude oil prices remain unchanged.

Central and State Taxes

A substantial portion of the retail price of petrol and diesel consists of taxes imposed by the Central Government and state governments. Since Value Added Tax (VAT) differs from one state to another, fuel prices also vary across cities.

Refining and Transportation Costs

Before reaching consumers, crude oil undergoes refining and transportation. These operational expenses are included in the final retail price of fuel.

Demand and Supply

Seasonal demand, industrial consumption, and overall market supply also play a role in determining fuel prices. Higher demand during peak travel seasons or supply disruptions may influence pricing trends.

How to Check Fuel Prices Through SMS

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

• Indian Oil (IOCL): Type your city code followed by "RSP" and send it to 9224992249.
• Bharat Petroleum (BPCL): Send RSP to 9223112222.
• Hindustan Petroleum (HPCL): Send HP Price to 9222201122.

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

Final Thoughts

Fuel prices continue to play a crucial role in household budgets, transportation costs, and overall inflation. While today's petrol and diesel rates remain largely unchanged across most Indian cities, consumers should continue monitoring daily price updates, especially when international crude oil prices and currency movements remain volatile.

Checking the latest fuel rates regularly can help individuals and businesses plan travel expenses, transportation costs, and overall budgeting more effectively.