Oil marketing companies across India released the latest petrol and diesel prices at 6 AM on Wednesday, May 27, 2026. Fuel prices remained largely stable in most cities today, although state taxes and local levies continued causing price differences across regions.
Petrol and diesel prices in India are primarily influenced by:
- International crude oil prices
- Rupee-dollar exchange rate
- Central and state taxes
- Transportation and refining costs
- Local demand and supply conditions
With fuel costs directly impacting transportation, household budgets, and business expenses, daily price updates remain important for consumers across the country.
Latest Petrol and Diesel Prices in Major Cities
City-Wise Fuel Rates on May 27, 2026
| City | Petrol Price (Per Litre) | Diesel Price (Per Litre) |
|---|---|---|
| New Delhi | ₹102.12 | ₹95.20 |
| Mumbai | ₹111.18 | ₹97.83 |
| Kolkata | ₹113.47 | ₹99.82 |
| Chennai | ₹107.77 | ₹99.55 |
| Gurugram | ₹102.77 | ₹95.44 |
| Noida | ₹102.12 | ₹95.56 |
| Bengaluru | ₹110.93 | ₹98.80 |
| Bhubaneswar | ₹109.92 | ₹100.92 |
| Chandigarh | ₹98.10 | ₹86.09 |
| Hyderabad | ₹115.69 | ₹103.82 |
| Jaipur | ₹112.66 | ₹97.78 |
| Lucknow | ₹102.05 | ₹95.55 |
| Patna | ₹113.35 | ₹99.36 |
| Thiruvananthapuram | ₹115.49 | ₹104.40 |
Hyderabad and Thiruvananthapuram Among Costliest Cities
Among the major cities listed today:
- Hyderabad recorded one of the highest petrol prices at ₹115.69 per litre
- Thiruvananthapuram also remained among the costliest fuel markets
Meanwhile, Chandigarh continued offering comparatively lower fuel prices than many metro cities.
Why Fuel Prices Differ Across States
Even though fuel prices are revised daily by oil marketing companies, rates vary significantly from state to state because of differences in:
- VAT (Value Added Tax)
- State-level fuel taxes
- Local transportation costs
- Dealer commissions
This is why consumers often see different petrol and diesel prices in neighboring states and cities.
Fuel Prices Stable Since 2022
Market experts note that fuel prices in India have remained relatively stable since May 2022 after the central government and several state governments reduced taxes on petrol and diesel.
Although global crude oil prices continue fluctuating due to:
- Geopolitical tensions
- Supply disruptions
- Currency movement
- OPEC production decisions
…Indian retail fuel prices have remained comparatively steady for consumers over the past two years.
Key Factors That Decide Petrol and Diesel Prices
1. International Crude Oil Prices
Petrol and diesel are refined from crude oil. When international crude prices rise, fuel prices in India usually increase as well.
2. Rupee vs Dollar Exchange Rate
India imports a large portion of its crude oil in US dollars. If the rupee weakens against the dollar, import costs rise, making fuel more expensive domestically.
3. Government Taxes
Central excise duty and state VAT form a major part of fuel prices. Tax rates differ across states, leading to city-wise price variations.
4. Refining and Transportation Costs
Refining crude oil into usable fuel involves operational costs, which also influence final retail prices.
5. Demand and Supply Conditions
Fuel demand tends to increase during:
- Summer travel season
- Festivals
- Agricultural activity
- Holiday periods
Higher demand can sometimes impact fuel pricing trends.
Global Tensions Keeping Oil Markets Sensitive
Recent geopolitical developments involving:
- Iran
- Israel
- United States
…have kept global crude oil markets volatile.
Energy analysts believe any major disruption in Middle East oil supply routes could impact international crude prices and eventually influence Indian fuel rates as well.
How to Check Fuel Prices Through SMS
Consumers can also check the latest petrol and diesel prices using SMS services offered by major oil companies.
SMS Services for Fuel Price Updates
Indian Oil Corporation Customers
Send:
RSP
to 9224992249
Bharat Petroleum Customers
Send:
RSP
to 9223112222
Hindustan Petroleum Customers
Send:
HP Price
to 9222201122
Fuel Prices Continue Affecting Everyday Life
Fuel prices play a major role in:
- Transportation expenses
- Food delivery costs
- Public transport fares
- Goods transportation
- Household budgets
Even small changes in petrol and diesel rates can impact inflation and daily living expenses across the country.
As global energy markets remain uncertain, consumers and businesses are expected to continue closely monitoring fuel price movements in the coming weeks.
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