There was no change in the prices of petrol and diesel in India on May 4, 2026, which brought great relief to the common people. Although the prices of crude oil are continuously going up and down in the international market, it has not yet affected the domestic fuel rates of the country. The government and oil companies have decided to keep the prices of petrol and diesel stable for the time being, so that the burden of inflation does not fall too much on the public. While oil companies usually set prices daily based on market conditions, they have decided not to increase prices at all for now. This stability provides relief to the general public, the transport sector and traders, as fuel prices have a direct impact on the cost of almost all goods and services. These conditions are expected to persist for the foreseeable future, although the global market continues to be closely monitored.
Impact of international market fluctuations
The global oil market remains volatile due to ongoing tensions in the Middle East. The geopolitical situation involving Iran, Israel and the United States has increased concerns over oil supply. In particular, there are persistent concerns about potential disruptions to supplies transiting the Strait of Hormuz—a vital sea route that transports about 20% of the world’s oil.
Daily updates of prices in India
In India, Oil Marketing Companies (OMCs) update petrol and diesel prices daily at 6:00 am. These changes are determined based on current crude oil prices and the exchange rate between the US dollar and the Indian rupee. The main objective of this daily revision system is to ensure transparency and provide accurate prices reflecting the actual market condition.
Today’s petrol and diesel prices in your city
Here are the latest prices of petrol and diesel in major cities till May 4, 2026 —
Delhi: Petrol ₹94.72, Diesel ₹87.62
Mumbai: Petrol ₹104.21, Diesel ₹92.15
Kolkata: Petrol ₹103.94, Diesel ₹90.76
Chennai: Petrol ₹100.75, Diesel ₹92.34
Bengaluru: Petrol ₹102.92, Diesel ₹89.02
Hyderabad: Petrol ₹107.46, Diesel ₹95.70
LPG cylinders become more expensive
While petrol and diesel prices have remained stable, the price of 19-kg commercial LPG cylinders has been increased. This has had a direct impact on hotels, restaurants and small businesses.
Why are prices different in different cities?
In India, petrol and diesel prices vary from city to city as they include several factors, such as:
Taxes of central and state governments
Transportation and delivery costs
value of rupee against dollar
Local taxes and fees
Premium fuel prices also increased
Prices of premium fuels — such as XP100 petrol and Xtra Green diesel — have also been increased. They are mainly used in luxury and high-performance vehicles.
Private companies also increased prices
Some private companies, like Shell and Nayara Energy, have also increased fuel prices. Especially in Bengaluru, the prices of both petrol and diesel have seen a huge increase.
What will happen next?
At present, the government and fuel companies are avoiding increasing prices to prevent inflation from rising. However, if crude oil prices remain high and the rupee weakens, petrol and diesel prices may rise in future. Factors affecting prices of petrol and diesel
crude oil prices
dollar-rupee exchange rate
tax and duty
refining cost
demand and supply
How to know prices through SMS
IOC: Send CITY CODE + RSP to 9224992249
BPCL: Write RSP and send it to 9223112222
HPCL: Write RSP and send it to 9222201122
