New prices of petrol and diesel released: Have the prices changed in your city? Check today’s latest rate before leaving home

Along with morning tea, the first thing every common man looks at is fuel prices. Today, on 03 May 2026, oil marketing companies (OMCs) have updated the new rates of petrol and diesel. Movements in the prices of crude oil in the international market and the position of the rupee against the dollar have a direct impact on our pockets. Whether you are going to office or out on business, even a slight change in fuel price can affect your monthly budget.

Situation from metros to small towns

Oil prices in India vary from state to state because VAT and local tax rates are different. Today the prices of petrol and diesel in major cities of the country are as follows:

Capital New Delhi Petrol is being sold at ₹ 94.72 and diesel at ₹ 87.62 per liter. There itself, Mumbai Prices are a bit high as usual, with petrol standing at ₹104.21 and diesel at ₹92.15. Kolkata Petrol in India is ₹103.94 and diesel is ₹90.76, while Chennai Petrol is at the level of ₹ 100.75 and diesel at ₹ 92.34.

If we talk about other cities Lucknow Petrol is at ₹94.69 and diesel at ₹87.80. Jaipur Petrol in ₹104.72, Patna ₹105.58 more Indore The price of petrol has been recorded at ₹106.48. Bengaluru And Hyderabad For example, even in South Indian cities, petrol remains above ₹ 100.

Why have prices remained stable?

If we look at the trend of the last two years, no huge jump or huge fall in prices has been seen since May 2022. The tax cuts made by the Central Government and State Governments have given a big relief to the general public. Although the prices of crude oil keep fluctuating in the global market, oil companies in the Indian market have kept the prices under control to a great extent so that there is no additional burden on the consumers.

How is the price of your one liter oil decided?

There is a lot of mathematics behind the price you pay at a petrol pump. The first basis is ‘Crude Oil’, which we buy from abroad in dollars. If the dollar strengthens, oil becomes expensive. After this, excise duty of the central government and VAT of the state governments are added. Finally, the cost of refining and dealers’ commission are added to form the final rate that we see on the screen. Apart from this, the balance of demand and supply also affects the prices from time to time.

Know the price of your city sitting at home with just one SMS

Now you do not need to go to the petrol pump to know the oil prices. You can get instant updates by sending a message from your mobile:

• Indian Oil: From your phone, type RSP city code and send it to 9224992249.

• BPCL: Type “RSP” and send it to 9223112222.

• HPCL: Write “HP Price” and send message to 9222201122.