Petrol and diesel prices are among the most searched daily topics in India because fuel costs directly affect transport, household budgets, and the overall economy. Every day, oil marketing companies update fuel prices across cities based on global crude oil rates, taxes, and currency movements.
As of 5 March 2026, petrol and diesel prices in India have largely remained stable in major cities, even though global crude oil prices have recently increased due to geopolitical tensions in the Middle East.
This article explains the latest petrol and diesel prices today, city-wise fuel rates, why prices differ across India, and what could happen next.
Latest Petrol and Diesel Prices Today (Major Cities)
Here are the approximate fuel prices on 5 March 2026 in major Indian metro cities:
| City | Petrol Price | Diesel Price |
|---|---|---|
| Delhi | ₹94.77 per litre | ₹87.67 per litre |
| Mumbai | ₹103.54 per litre | ₹90.03 per litre |
| Kolkata | ₹105.41 per litre | ₹92.02 per litre |
| Chennai | ₹100.80+ per litre | ₹92.61 per litre |
Fuel prices are updated daily at 6 AM by state-owned oil marketing companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum.
Even though global oil prices have increased recently, retail fuel prices in India have not changed significantly in recent days.
Why Petrol and Diesel Prices Are Different in Each City (Petrol and Diesel Prices Today in India)
Many people notice that Petrol and Diesel Prices Today in India. This happens because several factors affect the final price.
The most important factors include:
- State taxes (VAT): Each state government charges different VAT rates.
- Transportation cost: Fuel has to be transported from refineries to fuel stations.
- Dealer commission: Petrol pump owners receive a small commission.
- Central excise duty: This tax is charged by the central government.
Because of these factors, the same litre of petrol may cost ₹94 in one city and more than ₹105 in another.
Global Oil Prices and Their Petrol and Diesel Prices Today in Impact on India
Recently, global crude oil prices have increased due to geopolitical tensions in the Middle East, including conflicts involving Iran, Israel, and the United States.
These developments are important because:
- India imports most of its crude oil from abroad.
- Any disruption in global oil supply can push prices higher.
- Rising crude prices may eventually increase petrol and diesel rates in India.
However, experts say the government and oil companies are currently trying to keep retail fuel prices stable despite global volatility.
Why Fuel Prices Matter for the Indian Economy (Petrol and Diesel Prices Today in India )
Fuel prices influence many sectors of the economy. When petrol and diesel prices rise, transportation and logistics costs also increase.
This can affect:
- Prices of food and daily goods
- Public transport fares
- Delivery and logistics services
- Overall inflation in the economy
Because of this, the government often monitors global crude prices carefully before making any decision about fuel price changes.
What Could Happen Next? (Petrol and Diesel Prices Today in India)
Although fuel prices are currently stable, the situation could change depending on global oil markets.
Possible scenarios include:
- If crude oil prices continue to rise globally, fuel prices in India may increase.
- If the government adjusts taxes, prices could remain stable for longer.
- Any major supply disruption in oil-producing regions could affect Indian fuel prices quickly.
For now, oil companies have indicated that no immediate price hike is expected, and supplies remain stable.
How to Check Petrol and Diesel Prices in Your City
You can check daily fuel prices using simple methods:
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- Visit official websites of oil companies such as Indian Oil.
- Send an SMS to the company’s fuel price service.
- Use fuel price apps or trusted news websites.
Petrol and Diesel Prices Today in India, so checking daily can help you track changes.
FAQs
1. What is the petrol price in India today?
On 5 March 2026, petrol costs about ₹94.77 per litre in Delhi, around ₹103.54 in Mumbai, and ₹105.41 in Kolkata, though prices vary by city.
2. What is the diesel price today in India?
Diesel prices are around ₹87.67 per litre in Delhi and ₹90.03 in Mumbai, with small variations depending on local taxes.
3. Why do petrol prices change every day?
India follows a dynamic fuel pricing system, where rates are revised daily based on global crude oil prices and currency exchange rates.
4. Why are fuel prices higher in some states?
Different states charge different VAT taxes on fuel, which leads to price differences across India.
5. Will petrol prices increase soon in India?
Experts say prices may remain stable for now, but they could rise if global crude oil prices continue to increase.
