Petrol Diesel Price Today: New prices of petrol and diesel released amid huge fall in crude oil in the international market; Know the latest rates of your city – ..

Every day starts not only with new rays of the sun but also with new prices of petrol and diesel affecting the kitchen and pocket of the common man. At exactly 6 in the morning the major oil marketing companies of the country (OMCs) releases latest fuel prices daily. These rates are decided on the basis of global prices of crude oil in the international market and fluctuations in the exchange rate of rupee against dollar.

today means 16 June 2026 According to the new rates released on 2019, where the global markets are reflecting the historic peace agreement between America and Iran (US-Iran Peace Deal) has resulted in a huge decline of 5% in the prices of crude oil, while the oil companies have kept the prices stable in the Indian retail market. Let us know what is today’s price of petrol and diesel in the major metros of the country and your city.

16 June 2026: Latest rates of petrol and diesel in major cities of the country

Due to differences in local VAT and freight charges in different states of India, fuel prices vary from city to city. The list of major cities of the country is given below:

Big market movement: Crude oil slipped 5% due to US-Iran Peace Deal

The past week has been extremely volatile for the global energy market. by the white house US-Iran peace agreement Just after the official announcement was made, the prices of international benchmark Brent crude and WTI suddenly crashed by 5%. This decline has reached the lowest level since March.

However, after yesterday’s huge fall, crude oil prices seem to be a bit stable in the international market this morning, because the eyes of global investors and commodity markets are now focused on how durable this peace initiative in the Gulf countries proves to be on the ground. Apart from this, the prices of domestic LPG Cylinder Price were also reviewed yesterday i.e. on June 15, in which the prices of commercial and domestic cylinders from Delhi to Patna remained at their previous level.

For what reasons are daily fuel prices decided in India?

Indian oil companies determine daily prices mainly based on the following 5 big financial and technical factors:

1. International Crude Oil Rates: India imports about 85% of its total crude oil requirement from abroad. Therefore, whenever crude becomes expensive due to OPEC countries or global geopolitical tensions, it puts direct pressure on the Indian market.

2. Position of rupee against dollar: Since international crude oil is paid for in US dollars ($), the weakness or strengthening of the Indian rupee against the dollar directly impacts the import bill.

3. Government Tax and VAT: The Central Excise Duty imposed by the Central Government and the Value Added Tax (VAT) charged by different State Governments together determine a large part of the final retail price of petrol and diesel.

4. Cost of Refining and Transportation: The processing cost of taking crude oil to refineries and converting it into petrol, diesel and ATF and the logistics cost of taking it to fuel pumps in every corner of the country are also added to this.

5. Global cycle of demand and supply: Prices can also be affected by increases in seasonal demand (such as from agriculture in the summer or for heating oil in the winter) or sudden production cuts by OPEC.

Know the live rate sitting at home through just one SMS from your mobile.

If you want to know the accurate and live prices of your city every morning, oil companies have created a very simple SMS system that works without internet:

• Customers of Indian Oil (IOCL): Type in the message box of your mobile rsp (dealer code of your city) and it 9224992249 Send it to.

• Customers of BPCL (Bharat Petroleum): from your phone rsp (code of your city) by writing 9223112222 Send to.

• Customers of HPCL (Hindustan Petroleum): write in message box HP Price (code of your city) and it 9222201122 Send it to.

(Note: To know the specific code of your nearest petrol pump or city, you can visit the official website of the concerned oil company.)