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Every morning, fuel prices across India are revised, and on March 5, 2026, new petrol and diesel rates were released at 6:00 AM by the country’s oil marketing companies. These daily updates play an important role in the lives of millions of people, as changes in fuel costs can influence transportation, goods prices, and household expenses.

Fuel prices in India are not fixed permanently. Instead, they are determined based on several factors such as international crude oil prices, the rupee-dollar exchange rate, taxes imposed by central and state governments, and refining costs. According to the latest update, fuel prices in most cities remained largely stable today, although some regions experienced minor adjustments due to local taxes or logistical factors.

For commuters, traders, and transport operators, keeping track of daily fuel rates has become increasingly important because even small changes can affect daily expenses.

Latest Petrol and Diesel Prices in Major Indian Cities (March 5, 2026)

Here are the updated petrol and diesel prices in some of India’s major cities:

The difference in fuel prices among cities is mainly due to state taxes, transportation charges, and local levies.

Why Have Fuel Prices Remained Stable for the Last Two Years?

Fuel prices in India have been relatively stable since May 2022, when the central government and several state governments reduced taxes on petrol and diesel. This tax cut helped ease the financial burden on consumers and kept prices from rising significantly, even though global crude oil markets have seen fluctuations.

Although international oil prices continue to rise and fall depending on geopolitical tensions, supply disruptions, and demand changes, the retail prices in India have remained comparatively steady during this period.

Factors That Influence Petrol and Diesel Prices

Several key factors determine the retail price of petrol and diesel in India:

1. International Crude Oil Prices

Petrol and diesel are derived from crude oil. If crude oil prices increase in the global market, the cost of producing fuel also rises, which may lead to higher retail prices.

2. Rupee vs US Dollar Exchange Rate

India imports a large portion of its crude oil, and payments are made in US dollars. When the Indian rupee weakens against the dollar, importing oil becomes more expensive, which can push fuel prices higher.

3. Government Taxes and Duties

Taxes imposed by both the central and state governments form a significant part of petrol and diesel prices. Because tax rates vary between states, fuel prices differ from one city to another.

4. Refining and Transportation Costs

Crude oil must go through a refining process before it becomes usable fuel. The cost of refining and transporting fuel to different regions also affects the final retail price.

5. Demand and Supply Dynamics

Fuel consumption rises during certain seasons such as summer travel periods or festival seasons. Higher demand or supply disruptions can influence fuel prices.

How to Check Fuel Prices in Your City via SMS

Consumers can also check the latest petrol and diesel prices in their city using a simple SMS service:

• Indian Oil customers: Type your city code and send it with “RSP” to 9224992249.

• BPCL customers: Send RSP to 9223112222.

• HPCL customers: Send HP Price to 9222201122.

This service allows users to quickly find updated fuel prices without visiting a petrol pump.