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Oil marketing companies (OMCs) revise fuel prices daily at 6 a.m., based on global crude oil prices fluctuations. The government regulates these prices through mechanisms like excise taxes, base pricing, and price caps.
Petrol, Diesel Prices On March 02.
Petrol, Diesel Prices Today On March 2, 2025: Oil marketing companies (OMCs) update petrol and diesel prices every day at 6 AM to maintain transparency and account for changes in global market conditions. These daily revisions take into account shifts in international crude oil prices and currency exchange rates, ensuring that consumers get the most accurate and up-to-date fuel price information.
Petrol Diesel Price Today In India
Check city-wise petrol and diesel prices on March 2:
| City | Petrol Price (Rs/litre) | Diesel Price (Rs/litre) |
| Delhi | 94.72 | 87.62 |
| Mumbai | 103.44 | 89.97 |
| Chennai | 100.85 | 92.44 |
| Kolkata | 103.94 | 90.76 |
| Noida | 94.66 | 87.76 |
| Lucknow | 94.65 | 87.76 |
| Bengaluru | 102.86 | 88.94 |
| Hyderabad | 107.41 | 95.65 |
| Jaipur | 104.88 | 90.36 |
| Trivandrum | 107.62 | 96.43 |
| Bhubaneswar | 101.06 | 92.91 |
In India, fuel prices have remained steady since May 2022, after the central government and various state governments reduced fuel taxes.
Oil marketing companies (OMCs) revise fuel prices daily at 6 a.m., based on global crude oil prices fluctuations. The government regulates these prices through mechanisms like excise taxes, base pricing, and price caps.
Factors Influencing Petrol and Diesel Prices in India
- Crude Oil Prices: As the key raw material for producing petrol and diesel, fluctuations in global crude oil prices have a direct impact on fuel costs in India.
- Exchange Rate: India imports a significant portion of its crude oil, so changes in the exchange rate between the Indian rupee and the US dollar influence fuel prices. A weaker rupee generally leads to higher fuel costs.
- Taxes: Petrol and diesel prices are subject to various taxes imposed by both the central and state governments. These taxes can vary from state to state, contributing significantly to the final price consumers pay at the pump.
- Refining Costs: The process of refining crude oil into petrol and diesel incurs costs that influence fuel prices. These expenses can vary based on factors such as the type of crude oil processed and the efficiency of the refinery.
- Demand: The balance of supply and demand plays a crucial role in determining fuel prices. Increased demand for petrol and diesel typically results in higher prices, as suppliers adjust to market conditions.
Check Petrol and Diesel Prices via SMS
You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by “RSP” to 9224992249. BPCL customers can send “RSP” to 9223112222, and HPCL customers can text “HP Price” to 9222201122 to receive the current fuel prices.
