Petrol Diesel Price Today, August 5, 2026: India’s state-owned oil marketing companies (OMCs) have released the latest petrol and diesel prices for Wednesday, August 5. Fuel rates continue to be revised daily based on global crude oil prices, the rupee's exchange rate against the US dollar, and applicable central and state taxes. While prices have largely remained unchanged across most parts of the country, minor differences continue due to varying VAT rates and local levies imposed by individual states.

If you're planning to commute, travel, or manage transportation-related expenses today, checking the latest fuel prices in your city can help you plan better.

Latest Petrol and Diesel Prices in Major Indian Cities

Here are the retail fuel prices announced for August 5, 2026:

Why Have Fuel Prices Remained Stable?

Petrol and diesel prices in India have witnessed limited movement over the past two years despite fluctuations in international crude oil markets. One of the primary reasons is the reduction in fuel taxes announced by the Central Government and several state governments in May 2022.

Although global oil prices continue to move up and down depending on geopolitical developments, production levels, and international demand, retail fuel prices in India have remained comparatively stable. This has provided some relief to consumers, businesses, and transport operators that rely heavily on fuel.

What Determines Petrol and Diesel Prices?

Fuel prices in India are influenced by multiple domestic and international factors. The most significant among them include:

1. International Crude Oil Prices

Petrol and diesel are refined from crude oil. Any increase or decrease in global crude oil prices directly impacts the cost of producing transportation fuels. When crude becomes expensive, retail fuel prices generally face upward pressure.

2. Rupee-Dollar Exchange Rate

India imports a substantial portion of its crude oil requirements, with payments made in US dollars. If the Indian rupee weakens against the dollar, import costs rise, making fuel more expensive even if crude oil prices remain unchanged.

3. Central and State Taxes

Excise duty charged by the Central Government and Value Added Tax (VAT) imposed by state governments account for a significant share of the retail price. Since VAT differs from state to state, petrol and diesel prices also vary across cities.

4. Refining and Distribution Costs

Crude oil must undergo refining before it becomes usable fuel. Refining expenses, transportation, storage, and distribution costs also contribute to the final retail price paid by consumers.

5. Demand and Supply Conditions

Seasonal demand, industrial consumption, transportation requirements, and supply availability can also influence fuel prices. Higher demand during festive seasons or periods of increased travel may add pressure to pricing.

Why Do Fuel Prices Differ Across Cities?

Consumers often notice that petrol and diesel prices are not the same everywhere in India. This difference is mainly due to variations in state taxes, dealer commissions, transportation expenses, and local government levies. As a result, cities within different states can have noticeably different fuel rates despite following the same national pricing mechanism.

How to Check Fuel Prices Through SMS

Consumers can also verify the latest petrol and diesel prices directly on their mobile phones using SMS services offered by oil marketing companies.

• Indian Oil (IOCL): Send RSP to 9224992249.
• Bharat Petroleum (BPCL): Send RSP to 9223112222.
• Hindustan Petroleum (HPCL): Send HP Price to 9222201122.

These services provide the latest retail fuel prices for your registered location within a few moments.

Final Take

The latest fuel prices released on August 5, 2026, indicate that petrol and diesel rates continue to remain largely stable across India, with only minor variations caused by local taxation policies. Even though international crude oil markets remain volatile, domestic fuel prices have not witnessed major changes in recent months.

Checking the latest fuel rates before refueling can help consumers stay informed and better manage their daily transportation expenses, especially for those who travel frequently or operate commercial vehicles.