The country’s oil marketing companies (OMCs) have released the latest prices of petrol and diesel on Wednesday. This update in fuel prices is done daily. The prices of petrol and diesel are decided on the basis of factors like international crude oil price, exchange rate of rupee and dollar, taxes of central and state governments and dealer commission. Any change in these prices directly impacts the pockets of common people.

Why is it important to know the prices of petrol and diesel?
Every day update of petrol and diesel prices is very important for the common citizens. This enables people to better plan their daily expenses, budget to travel and transportation. Having correct and timely information also makes it easier to take financial decisions.

Petrol and diesel prices in your city today
On January 21, 2026, petrol is being sold at Rs 94.72 per liter and diesel at Rs 87.62 per liter in the capital Delhi. In Chennai, petrol was recorded at Rs 100.75 and diesel at Rs 92.34 per litre. Whereas in Indore city of Madhya Pradesh, the price of petrol is Rs 106.48 per liter and diesel is Rs 91.88 per liter.

The latest rates of petrol and diesel in major cities of the country are as follows:

• New Delhi: Petrol Rs 94.72, Diesel Rs 87.62
• Mumbai: Petrol Rs 104.21, Diesel Rs 92.15
• Kolkata: Petrol Rs 103.94, Diesel Rs 90.76
• Chennai: Petrol Rs 100.75, Diesel Rs 92.34
• Ahmedabad: Petrol Rs 94.49, Diesel Rs 90.17
• Bengaluru: Petrol Rs 102.92, Diesel Rs 89.02
• Hyderabad: Petrol Rs 107.46, Diesel Rs 95.70
• Jaipur: Petrol Rs 104.72, Diesel Rs 90.21
• Lucknow: Petrol Rs 94.69, Diesel Rs 87.80
• Pune: Petrol Rs 104.04, Diesel Rs 90.57
• Chandigarh: Petrol Rs 94.30, Diesel Rs 82.45
• Indore: Petrol Rs 106.48, Diesel Rs 91.88
• Patna: Petrol Rs 105.58, Diesel Rs 93.80
• Surat: Petrol Rs 95.00, Diesel Rs 89.00
• Nashik: Petrol Rs 95.50, Diesel Rs 89.50

Why are fuel prices stable for two years?
After May 2022, the central government and many state governments had reduced the tax on petrol and diesel. Since then, fuel prices have remained relatively stable. Despite fluctuations in the international market, Indian consumers have not faced major changes at present.

Main reasons for fixing the price of petrol and diesel
The prices of petrol and diesel depend on many important factors. Due to increase in the price of crude oil in the international market, fuel becomes expensive in India also. Apart from this, the exchange rate of rupee and dollar, taxes imposed by the central and state governments, cost of refining and demand-supply situation also affect the prices. An increase in prices may be seen due to higher demand for fuel during festivals or increased consumption.