Petrol & Diesel Prices Updated Across India: Check Latest Fuel Rates in Your City Today

By Siddhi Jain | Mar 18, 2026, 10:10 IST

Fuel prices across India were revised early this morning, bringing fresh updates for petrol and diesel rates in major cities. As part of the daily pricing mechanism, oil marketing companies release updated fuel prices at around 6 AM, reflecting changes in global crude oil markets and fluctuations in the rupee against the US dollar.

These routine revisions may appear minor, but they play a crucial role in shaping everyday expenses for millions of citizens—from daily commuters to small business owners. Even slight variations in fuel costs can impact transportation charges, food prices, and overall household budgets.

How Fuel Prices Are Determined in India

Petrol and diesel are derived from crude oil, making their prices highly sensitive to international market trends. When global crude oil prices rise, fuel costs in India tend to increase as well. Conversely, a drop in crude prices can offer some relief to consumers.

Another important factor is the exchange rate between the Indian rupee and the US dollar. Since India imports a large portion of its crude oil, any weakening of the rupee makes imports more expensive, ultimately pushing up fuel prices.

Additionally, central and state taxes significantly influence the final retail price of petrol and diesel. These taxes vary from state to state, which is why fuel rates differ across cities. Refining costs and the balance between supply and demand also contribute to price determination.

Why Prices Have Remained Relatively Stable

Fuel prices in India have shown relative stability over the past two years. This trend began after tax reductions implemented by the central government and several state governments in May 2022. Despite ongoing fluctuations in global crude oil markets, these tax cuts have helped maintain steady prices for consumers.

However, experts note that international developments—such as geopolitical tensions or disruptions in oil supply—can still influence future price movements.

Latest Petrol and Diesel Prices in Major Cities (March 18, 2026)

Here are the updated fuel rates in key 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

While most cities have reported stable rates today, minor differences persist due to varying local taxes and transportation costs.

Factors That Influence Daily Fuel Rates

Several elements contribute to the daily revision of petrol and diesel prices:

Global Crude Oil Prices: The primary raw material for fuel production. Any rise or fall directly impacts domestic rates.
Currency Exchange Rate: A weaker rupee increases import costs, making fuel more expensive.
Government Taxes: Excise duty and VAT form a large portion of the retail price.
Refining Expenses: Processing crude oil into usable fuel involves operational costs.
Demand and Supply Trends: Seasonal demand spikes—such as during festivals or extreme weather—can influence pricing.

How to Check Fuel Prices via SMS

Consumers can easily check the latest petrol and diesel prices on their mobile phones using SMS services:

Indian Oil (IOCL): Send “RSP ” to 9224992249
BPCL: Send “RSP” to 9223112222
HPCL: Send “HP Price” to 9222201122

This simple method ensures quick access to accurate fuel rates without needing internet access.

Stay Updated, Stay Prepared

Keeping track of daily fuel prices is not just useful—it’s essential for managing expenses effectively. With transparent pricing mechanisms in place, consumers can stay informed and plan their budgets accordingly. As global economic factors continue to evolve, fuel prices will remain an important indicator of broader financial trends.