Petrol Diesel Price Today, July 26, 2026: Oil Marketing Companies (OMCs) have released the latest petrol and diesel prices at 6:00 AM today. Fuel rates across India continue to be influenced by international crude oil prices and the rupee's exchange rate against the US dollar. While prices remained largely unchanged in most cities, minor variations were recorded in a few locations due to differences in state taxes and local levies.

For millions of commuters, transport operators, and businesses, checking daily fuel prices has become an important part of planning expenses. Although retail fuel prices have remained relatively stable over the past two years, city-wise differences continue because of varying VAT rates imposed by individual state governments.

Latest Petrol and Diesel Prices in Major Indian Cities

Here are the updated fuel rates for July 26, 2026:

Why Fuel Prices Differ Across States

Even when there is no nationwide revision, petrol and diesel prices vary from city to city. This happens because each state imposes different Value Added Tax (VAT), transportation charges, and local levies on fuel.

As a result, consumers in some states pay significantly more than those in others despite the base fuel price remaining the same.

Why Have Fuel Prices Stayed Largely Stable?

Retail petrol and diesel prices have witnessed relatively limited movement since May 2022, when the Central Government and several state governments reduced fuel taxes. Although international crude oil prices have fluctuated since then, domestic retail prices have remained comparatively stable due to government tax policies and pricing decisions by oil marketing companies.

Factors That Determine Petrol and Diesel Prices

Several factors influence daily fuel prices in India:

1. International Crude Oil Prices

Petrol and diesel are refined from crude oil. When global crude prices rise or fall, retail fuel prices are likely to be affected.

2. Rupee-Dollar Exchange Rate

India imports a significant portion of its crude oil. Since these imports are paid for in US dollars, a weaker rupee can increase the cost of fuel.

3. Central and State Taxes

Excise duty imposed by the Central Government and VAT collected by state governments make up a substantial portion of the retail fuel price. This is one of the primary reasons prices differ across states.

4. Refining and Transportation Costs

The cost of refining crude oil into petrol and diesel, along with transportation and distribution expenses, also contributes to the final retail price.

5. Demand and Supply

Seasonal demand, supply conditions, and market trends can influence fuel pricing over time, especially during periods of increased consumption.

How to Check Fuel Prices via SMS

Consumers can also check the latest fuel prices using their mobile phones.

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

These SMS services provide the latest fuel prices applicable to your registered city.

Bottom Line

The latest petrol and diesel prices released on July 26, 2026, indicate that fuel rates have remained mostly stable across India. However, motorists should continue checking daily price updates, as international crude oil movements, exchange rate fluctuations, taxation, and local levies can influence retail fuel prices over time.