Petrol Diesel Price Today: What are the new prices of petrol and diesel in your city on 29th July?

Every day starts not only with the rays of the sun, but also with the new rates of petrol and diesel affecting the budget of crores of people of the country. Indian oil marketing companies (OMCs) update new fuel prices across the country every day at 6 am. These rates are decided on the basis of crude oil prices in the international market and changes in the value of the Indian rupee against the dollar. Be it office-going working people or traders delivering daily essentials, fuel rates are directly related to the lives of every citizen.

Latest prices of petrol and diesel in major cities of the country today (29 July 2026)

Today, on July 29, 2026, the retail prices of petrol and diesel in different states and major metros of the country have been recorded as follows:

Why have fuel prices remained stable for the last two years?

Despite frequent fluctuations in crude oil prices in the global market, the prices of petrol and diesel for Indian consumers have remained relatively stable for a long time. The main reason for this is the big tax cut made by the central government and many states in May 2022. This stability in government policy has provided relief to the common man domestically from price shocks despite international turmoil.

What are the main factors that determine the prices of petrol and diesel?

The final retail price of fuel in India depends not only on the cost of crude oil but also includes many other factors:

• International Crude Oil Price: Crude oil is the primary source of petrol and diesel. When global crude rises, there is a direct impact on the Indian market.

• Dollar-Rupee Exchange Rate: India imports most of its crude oil needs from other countries and is paid for it in dollars. Due to weakening of rupee, imports become expensive.

• Central and state level taxes: Excise duty of the central government and VAT of the state governments together form a major part of the retail price. For this reason the rates differ in different states.

• Refining and Transportation Cost: The cost of converting crude oil into usable petrol-diesel (refining) and dealer commission are also added to the final rate.

• Demand and supply balance: The level of fuel consumption in the market also affects short-term rates.

Know the city rate in 1 minute by sending SMS from your mobile.

If you want to know the exact price of petrol and diesel through SMS directly from your mobile without visiting any app or website, then follow these easy steps:

• Indian Oil (IOCL) Consumers: Type RSP in the message on your phone and 9224992249 Send it to.

• BPCL Consumer: By typing RSP 9223112222 send over.

• HPCL Consumer: HP Price by typing 9222201122 send over.

(Disclaimer: This news report is based on official rates and global energy market data released on a daily basis by the country’s major oil marketing companies.)