Petrol, Diesel Prices Today: Check Rates in Your City on January 22

New daily prices for petrol and diesel have taken effect as of 6 AM today, January 22, 2026. Fuel prices in India are subject to daily revisions based on the dynamic fuel pricing system, which considers factors such as the cost of crude oil, the rupee-to-dollar exchange rate, global cues, and fuel demand. These factors cause fluctuations in domestic pump rates, which are reviewed by state-owned fuel retailers like Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL).

Metro City Prices

Here's a quick look at the current petrol and diesel prices in major metro cities:

• Delhi: Petrol is retailing at ₹94.73 per litre, a slight decrease of ₹0.04 from January 1, 2026. Diesel costs ₹87.62 per litre.
• Mumbai: The diesel price is ₹90.03 per litre, remaining unchanged from the previous day. Petrol is priced at ₹104.21 per litre.
• Chennai: Diesel is ₹92.43 per litre. Petrol is ₹100.85 per litre.
• Kolkata: Diesel is ₹90.76 per litre. Petrol is ₹103.94 per litre.
• Bangalore: Diesel is ₹85.93 per litre. Petrol is ₹99.84 per litre.

Factors Influencing Fuel Prices

Several components influence the retail selling price of petrol and diesel in India. These include:

• International Crude Oil Prices: India imports approximately 80% of its oil needs, making it susceptible to changes in international prices. Brent Crude Oil is currently trading at $65.18 per barrel.
• Refining Costs: The cost of refining crude oil into usable fuels impacts the final price.
• Excise Duty: This is a tax levied by the central government.
• Value Added Tax (VAT): This tax is imposed by individual state governments and varies from state to state, contributing to price differences across regions.
• Dealer Commission: The commission earned by fuel station owners is factored into the retail price.
• Transportation Costs: The cost of moving fuel from refineries to fuel stations also affects prices.
• Rupee Value: A weaker rupee increases the landed cost of dollar-denominated crude oil.

It's important to note that petrol and diesel are currently outside the purview of the Goods and Services Tax (GST).

Global Context

Globally, the gasoline price has risen 6.42% over the past month but is still 9.80% lower than a year ago. Market analysts continue to monitor crude oil prices and geopolitical events for potential impacts on fuel prices.

Impact of Diesel Prices

Diesel is a primary source of energy for goods transportation within India. Fluctuations in diesel prices can directly impact inflation. Stable or reduced diesel prices can help control overall inflation and benefit the transportation sector.