Petrol and Diesel Prices Today: Latest Fuel Rates Announced; Check Prices in Your City on July 20

Daily Fuel Price Update: Most Cities See Stable Petrol and Diesel Rates, While a Few Witness Minor Changes

India's oil marketing companies (OMCs) have released the latest petrol and diesel prices for July 20, 2026, continuing the daily revision process followed across the country. The updated fuel rates became effective at 6:00 AM and are based on several factors, including international crude oil prices, the rupee's exchange rate against the US dollar, taxation, and local transportation costs.

For most Indian cities, fuel prices remain unchanged, although minor fluctuations have been observed in a few locations due to state-level taxes and local pricing adjustments. Since petrol and diesel prices directly influence transportation costs and household expenses, keeping track of daily fuel rates can help consumers plan their budgets more efficiently.

Petrol and Diesel Prices in Major Indian Cities Today

Here are the latest fuel prices in some of India's major cities as of July 20, 2026:

Among these cities, Thiruvananthapuram and Hyderabad continue to record some of the highest petrol prices, while Chandigarh remains among the least expensive locations for purchasing fuel.

Why Have Fuel Prices Stayed Largely Stable?

Retail fuel prices in India have witnessed relatively limited movement over the past two years. One of the primary reasons is the reduction in excise duty by the Central Government and tax adjustments by several state governments introduced after May 2022.

Although international crude oil markets continue to experience periodic volatility due to geopolitical developments and changing global demand, domestic retail prices have remained comparatively stable, providing some relief to consumers.

What Determines Petrol and Diesel Prices in India?

Several economic and market-related factors influence the retail prices of petrol and diesel across the country.

1. International Crude Oil Prices

Petrol and diesel are refined from crude oil. Any increase or decline in global crude oil prices directly impacts the cost of producing fuel, eventually affecting retail prices in India.

2. Rupee-Dollar Exchange Rate

India imports a significant portion of its crude oil requirements, and payments are made in US dollars. If the Indian rupee weakens against the dollar, the cost of imports increases, making fuel more expensive.

3. Central and State Taxes

Taxes account for a substantial portion of petrol and diesel prices. While the Central Government levies excise duty, state governments impose Value Added Tax (VAT), resulting in price variations across different states.

4. Refining and Transportation Costs

Converting crude oil into usable fuel involves refining expenses. Transportation, storage, and distribution costs also contribute to the final retail price paid by consumers.

5. Demand and Supply Dynamics

Fuel prices are also influenced by market demand and supply conditions. During periods of higher consumption, such as holiday seasons or increased industrial activity, prices may face upward pressure if supply tightens.

How to Check Petrol and Diesel Prices Through SMS

Consumers can also obtain the latest fuel prices for their city using SMS services provided by oil marketing companies.

• Indian Oil (IOCL): Send RSP to 9224992249.

• Bharat Petroleum (BPCL): Send RSP to 9223112222.

• Hindustan Petroleum (HPCL): Send HP Price to 9222201122.

These SMS services provide quick access to the latest fuel prices without requiring a mobile application or website visit.

Daily Price Monitoring Helps Consumers Plan Better

As fuel prices influence transportation, logistics, and household expenses, staying updated with daily revisions can help consumers make informed financial decisions. Even though today's rates remain largely unchanged in most cities, regular monitoring remains useful, particularly for frequent commuters, commercial vehicle operators, and businesses that depend heavily on fuel consumption.