Petrol Diesel Price Today: Latest Fuel Rates Announced Across India — Check Petrol and Diesel Prices in Your City

Fuel prices play a crucial role in the daily lives of millions of people across India. From commuters traveling to work to businesses transporting goods, the cost of petrol and diesel directly affects household budgets and the overall economy. On March 16, 2026, the latest petrol and diesel prices were released across the country early in the morning, as part of the daily price revision system followed by oil marketing companies.

Every day at around 6 a.m.

, India’s major oil marketing companies (OMCs) update fuel prices based on changes in the international crude oil market and the exchange rate between the Indian rupee and the US dollar. These updates ensure transparency in the pricing system and help consumers stay informed about the cost of fuel in their respective cities.

While fuel prices remained largely stable in many parts of the country today, differences in state-level taxes and transportation costs

continue to cause variations in rates across cities.

Petrol and Diesel Prices in Major Cities (March 16, 2026)

Here are the latest petrol and diesel prices in several major Indian cities:

• New Delhi: Petrol ₹94.72 | Diesel ₹87.62

• Mumbai: Petrol ₹104.21 | Diesel ₹92.15

• Kolkata: Petrol ₹103.94 | Diesel ₹90.76

• Chennai: Petrol ₹100.75 | Diesel ₹92.34

• Ahmedabad: Petrol ₹94.49 | Diesel ₹90.17

• Bengaluru: Petrol ₹102.92 | Diesel ₹89.02

• Hyderabad: Petrol ₹107.46 | Diesel ₹95.70

• 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

Although the overall price trend has remained relatively stable in recent months, small variations between cities occur due to differences in local taxes and distribution costs.

Why Fuel Prices Have Remained Stable in Recent Years

One of the reasons petrol and diesel prices have remained comparatively steady over the past two years is the tax reduction implemented by the central government and several state governments in May 2022. These cuts helped ease the burden on consumers and brought temporary relief from the impact of rising global crude oil prices.

Even though the international oil market continues to fluctuate, domestic fuel prices in India have remained relatively controlled compared to earlier periods when daily fluctuations were more noticeable.

Key Factors That Determine Petrol and Diesel Prices

Fuel prices in India are influenced by several economic and market-related factors. Understanding these elements can help consumers make sense of price changes.

1. International Crude Oil Prices

Petrol and diesel are refined from crude oil. When the price of crude oil increases in the global market, the cost of producing fuel also rises, which eventually impacts domestic fuel prices.

2. Rupee vs US Dollar Exchange Rate

India imports a significant portion of its crude oil requirements. Since crude oil is purchased in US dollars, a weaker Indian rupee increases the cost of imports, leading to higher fuel prices.

3. Government Taxes and Duties

Both the central government and state governments levy taxes on petrol and diesel. These taxes make up a substantial portion of the final retail price. Because state tax rates differ, fuel prices vary from one state to another.

4. Refining and Transportation Costs

Crude oil must go through a refining process before it can be used as petrol or diesel. The cost of refining and transporting fuel from refineries to retail outlets also contributes to the final price.

5. Demand and Supply Dynamics

Fuel prices are also influenced by demand. During peak travel seasons, festivals, or extreme weather conditions, fuel consumption increases, which can put upward pressure on prices.

How to Check Petrol and Diesel Prices in Your City via SMS

Consumers can easily check the latest fuel prices in their city using a simple SMS service provided by oil companies.

• Indian Oil customers: Type your city code followed by RSP and send it to 9224992249.

• BPCL customers: Send RSP to 9223112222.

• HPCL customers: Send HP Price to 9222201122.

Within seconds, you will receive a message with the latest petrol and diesel prices for your location.

Why Staying Updated on Fuel Prices Matters

Keeping track of daily fuel prices is important for both individuals and businesses. Changes in petrol and diesel prices can influence transportation costs, inflation, and the prices of essential goods. For commuters and logistics companies alike, even small fluctuations in fuel costs can have a noticeable impact on monthly expenses.

As global energy markets continue to evolve, monitoring fuel price updates helps consumers plan their spending more effectively and stay informed about broader economic trends.