Petrol Diesel Price Today August 23: Check Latest Fuel Rates in Delhi, Mumbai, Jaipur and Other Cities

Petrol and diesel prices remained unchanged across major Indian cities on August 23, 2026. Oil marketing companies released the latest retail fuel rates at 6 am, as they do every day. While prices were steady compared with the previous revision, petrol continued to cost more than ₹100 per litre in several major cities, including Delhi, Mumbai, Kolkata, Bengaluru, Jaipur, Hyderabad and Patna.

Fuel prices are important not only for people who drive their own vehicles but also for the wider economy. Changes in petrol and diesel rates can influence transportation expenses, logistics costs and, eventually, the prices consumers pay for various goods and services.

Here is a detailed look at the latest petrol and diesel prices and the major factors that determine what motorists pay at fuel stations.

Petrol and Diesel Prices on August 23, 2026

According to the latest city-wise rates, fuel prices vary significantly depending on location. Chandigarh remains among the cheaper cities in the list, while Hyderabad and Thiruvananthapuram continue to see comparatively higher petrol and diesel prices.

Motorists should remember that retail rates can differ from one city to another because state-level taxes and other local components are not identical across the country.

Why Do Petrol and Diesel Prices Differ Across Cities?

India follows a daily fuel-price revision system under which oil marketing companies announce petrol and diesel rates every morning. Several domestic and international factors are taken into account while determining retail prices.

One of the most important factors is the international price of crude oil. Since petrol and diesel are refined from crude, movements in global oil markets can affect the cost of producing and supplying fuel in India.

India also depends heavily on imported crude oil, making the rupee-dollar exchange rate another important factor. Crude oil transactions in international markets are generally conducted in US dollars. A weaker rupee can therefore increase the cost of imports, while a stronger domestic currency may provide some relief.

Taxes Also Have a Major Impact on Fuel Rates

The amount consumers pay at petrol pumps is not determined by crude oil prices alone. Central and state-level taxes and levies form an important part of the final retail price.

Tax structures can vary between states, which is one of the key reasons petrol and diesel may cost noticeably more in one city than another.

Apart from taxation, refining costs, transportation expenses, dealer commissions and other components can also influence the final price paid by consumers.

Why Have Fuel Prices Remained Relatively Stable?

Petrol and diesel prices have experienced extended periods of relative stability despite fluctuations in the international crude oil market.

Changes in taxes by the central government and various state governments since 2022 have also played a role in determining retail prices. Although crude oil and currency markets continue to move, domestic pump prices do not necessarily change by the same amount or at the same time.

This is why consumers are advised to check the latest rates rather than assuming that a rise or fall in international crude prices will immediately translate into a similar change at their nearest petrol pump.

What Factors Can Push Fuel Prices Higher or Lower?

Demand and supply conditions are another important part of fuel pricing. If global crude oil supplies tighten while demand remains strong, international prices may rise. Similarly, geopolitical developments, production decisions by major oil-producing countries and changes in global economic activity can affect crude oil markets.

Refining expenses also matter. Turning crude oil into usable products such as petrol and diesel involves processing and operational costs. Differences in crude quality, refinery efficiency and transportation can influence the overall cost structure.

Seasonal changes in fuel consumption may also affect demand. Increased travel, agricultural activity, freight movement or other economic factors can change the amount of fuel consumed in the market.

How to Check Petrol and Diesel Prices Through SMS

Consumers can also check the latest fuel rates through SMS services offered by major oil marketing companies.

Indian Oil customers can send RSP along with the applicable city code to 9224992249.

BPCL customers can send RSP to 9223112222 to receive fuel-price information.

HPCL customers can send HP Price to 9222201122 to check the latest rates.

Because petrol and diesel prices are updated regularly, checking the latest rate before refuelling can be useful, particularly for motorists who travel frequently between cities or states.

Why Daily Fuel Prices Matter to Consumers

Petrol and diesel rates have an impact far beyond the cost of filling a car or motorcycle. Diesel is widely used in freight and commercial transportation, meaning changes in its price can influence the cost of moving food, consumer products and other essential goods.

For households, even relatively small changes in fuel prices can add up over time, particularly for those who commute long distances every day.

As of August 23, 2026, petrol and diesel prices remain unchanged in the major cities listed above. However, with crude oil prices, currency movements, taxes and supply-demand conditions all capable of influencing the market, motorists should continue checking the latest city-specific rates before heading to the fuel station.