Petrol Diesel Price Today: Fuel prices once again grabbed attention on Monday morning as oil marketing companies released the latest petrol and diesel rates across India at 6 AM on March 2, 2026. While prices in several cities remained unchanged, minor variations were observed in some regions due to differences in state-level taxes.

Petrol and diesel prices directly influence household budgets, transport costs, and overall inflation. From office commuters to small traders transporting goods, even a slight change in fuel rates can impact daily expenses. This is why keeping track of daily fuel prices has become an essential habit for many Indians.

Every morning, fuel prices are revised by India’s oil marketing companies based on two key global factors—international crude oil prices and the rupee-dollar exchange rate. Since India imports a large portion of its crude oil requirement, fluctuations in global markets or currency values have a direct impact on domestic fuel pricing.

The daily pricing mechanism was introduced to bring greater transparency and ensure that consumers receive fair rates aligned with global trends.

Here are the latest fuel prices for March 2, 2026, across key Indian cities:

• 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

Prices may vary slightly depending on local levies, transportation costs, and dealer commissions.

One noticeable trend is the relative stability in fuel prices over the past two years. Since May 2022, the central government and several state governments reduced fuel taxes, which helped cushion Indian consumers from extreme volatility in global oil markets.

Although crude oil prices continue to fluctuate internationally, domestic fuel rates have remained comparatively steady due to controlled taxation and pricing strategies.

Several elements come together to determine what consumers pay at fuel stations:

International crude oil prices:
Petrol and diesel are refined from crude oil. Any rise in global crude prices directly increases production costs.

Rupee vs dollar exchange rate:
Crude oil imports are paid in US dollars. A weaker rupee makes imports costlier, pushing fuel prices higher.

Government taxes:
Central excise duty and state VAT together form a major portion of retail fuel prices. This is why rates differ from state to state.

Refining costs:
The cost of converting crude oil into usable fuel depends on crude quality and refinery efficiency.

Demand and supply:
Higher demand during peak travel seasons, festivals, or extreme weather can influence fuel consumption and prices.

Consumers can also check fuel prices directly on their mobile phones using SMS services provided by oil companies:

• Indian Oil customers:
  Send RSP to 9224992249

• Bharat Petroleum customers:
  Send RSP to 9223112222

• Hindustan Petroleum customers:
  Send HP Price to 9222201122

Experts suggest that fuel prices may remain range-bound in the near term unless there is a sharp movement in crude oil prices or currency markets. Global geopolitical developments and production decisions by oil-exporting nations will continue to play a critical role.

For now, keeping an eye on daily fuel rates helps consumers plan expenses better and avoid surprises at the pump.