Petrol-Diesel Price Today: Has Fuel Become Cheaper or Costlier? Check Latest City-Wise Rates Across India

As global crude oil prices continue to rise, fuel prices in India have also seen revisions. On Thursday morning, state-run oil companies released updated petrol and diesel prices for several cities. Here’s what you need to know about today’s fuel rate changes and where prices have gone up or down.

Fuel Price Update: July 3, 2025

State-owned oil marketing companies (OMCs) such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise fuel prices daily at 6 AM, based on international crude oil trends and rupee-dollar exchange rates. These updates help balance domestic pricing with global market fluctuations.

Global Crude Oil Impact on Indian Fuel Rates

In recent weeks, the global crude oil market has shown a consistent upward trend, mainly due to supply disruptions and rising demand from key economies. As a result, Indian fuel prices have started reflecting this surge, with petrol and diesel prices increasing in many cities today, especially in Uttar Pradesh, Bihar, and other northern states.

Today’s Petrol and Diesel Prices in Major Cities (₹/Litre) City Petrol Price Diesel Price

Delhi	₹96.72	₹89.62
Mumbai	₹106.31	₹94.27
Chennai	₹102.63	₹94.24
Kolkata	₹106.03	₹92.76
Lucknow	₹97.14	₹90.52
Patna	₹108.12	₹95.35
Bengaluru	₹99.84	₹85.93
Hyderabad	₹109.66	₹97.82

 

📌 Note: Prices may vary slightly depending on the location within a city.

Why Do Fuel Prices Vary Across States?

Fuel prices in India are impacted by:

• State-level VAT (Value Added Tax)
• Freight and transportation costs
• Local taxes and dealer commission

This is why the same petrol or diesel costs more in Mumbai or Hyderabad than it does in Delhi or Bengaluru.

How to Check Petrol-Diesel Prices in Your City

You can easily check today’s fuel rates via:

• Indian Oil website: iocl.com
• SMS Service:
  • For Indian Oil customers: Send RSP Dealer Code to 9224992249
  • For BPCL customers: Send RSP Dealer Code to 9223112222
  • For HPCL customers: Send HPPRICE Dealer Code to 9222201122

Should You Expect More Price Hikes?

Experts suggest that fuel prices may continue to fluctuate in the coming weeks depending on:

• OPEC+ output decisions
• Global demand forecasts
• Indian rupee’s performance against the US dollar

However, any sharp increase may also prompt government intervention, especially if inflation pressures rise.

If you’re planning a road trip or managing your monthly fuel budget, keeping an eye on daily fuel price updates is crucial. With global oil prices on the rise, it’s more important than ever to stay informed and plan your expenses accordingly.