Petrol and diesel prices across India remained steady on January 4, with Oil Marketing Companies (OMCs) updating the latest rates as part of their daily revision cycle. As usual, fuel prices were revised at 6 am, keeping them aligned with global crude oil trends and currency movements, even though there has been no change at the pump for several months now.
For commuters and households tracking fuel costs closely, here’s a clear look at today’s city-wise petrol and diesel prices.
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Petrol, Diesel Prices Today in Major Cities
Here are the retail fuel prices on January 4 in key Indian cities:
- New Delhi: Petrol ₹94.72/L | Diesel ₹87.62/L
- Mumbai: Petrol ₹104.21/L | Diesel ₹92.15/L
- Kolkata: Petrol ₹103.94/L | Diesel ₹90.76/L
- Chennai: Petrol ₹100.75/L | Diesel ₹92.34/L
- Ahmedabad: Petrol ₹94.49/L | Diesel ₹90.17/L
- Bengaluru: Petrol ₹102.92/L | Diesel ₹89.02/L
- Hyderabad: Petrol ₹107.46/L | Diesel ₹95.70/L
- Jaipur: Petrol ₹104.72/L | Diesel ₹90.21/L
- Lucknow: Petrol ₹94.69/L | Diesel ₹87.80/L
- Pune: Petrol ₹104.04/L | Diesel ₹90.57/L
- Chandigarh: Petrol ₹94.30/L | Diesel ₹82.45/L
- Indore: Petrol ₹106.48/L | Diesel ₹91.88/L
- Patna: Petrol ₹105.58/L | Diesel ₹93.80/L
- Surat: Petrol ₹95.00/L | Diesel ₹89.00/L
- Nashik: Petrol ₹95.50/L | Diesel ₹89.50/L
Why Fuel Prices Look Frozen Since 2022
If it feels like petrol and diesel prices haven’t moved in ages, that’s because they largely haven’t. Retail fuel rates have stayed unchanged since May 2022 after the Centre and several states cut fuel taxes. While daily revisions still happen on paper, prices at petrol pumps have remained stable for consumers.
That said, the pricing system hasn’t gone away. OMCs continue to factor in global crude prices, refining costs, and currency fluctuations while announcing daily rates.
Key Factors That Influence Petrol and Diesel Prices
Several moving parts decide what you pay at the fuel station:
- Crude oil prices: Since petrol and diesel are refined from crude oil, global oil prices play the biggest role.
- Rupee-dollar exchange rate: India imports most of its crude oil, so a weaker rupee can make fuel more expensive.
- Taxes: Central excise duty and state VAT together form a large chunk of the final retail price, and these vary from state to state.
- Refining and logistics costs: Processing crude and transporting fuel also add to the cost.
- Demand and supply: Seasonal demand and consumption trends can influence pricing decisions.
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How to Check Petrol and Diesel Prices via SMS
You don’t need to search online every time. Fuel prices are also available via SMS:
- Indian Oil customers: Send your city code followed by “RSP” to 9224992249
- BPCL customers: Send “RSP” to 9223112222
- HPCL customers: Send “HP Price” to 9222201122
You’ll receive the latest petrol and diesel prices for your city directly on your phone.
