Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On June 2
Petrol, Diesel Price On June 2: Check City-Wise Rates Across India Including In Delhi, Mumbai And Kolkata
Petrol and Diesel Prices on June 2, 2025: Oil marketing companies (OMCs) revise petrol and diesel prices daily at 6 AM, reflecting fluctuations in global crude oil prices and currency exchange rates. These regular updates ensure transparency and provide consumers with the most accurate and current fuel price information.
Petrol Diesel Price Today In India
Check city-wise petrol and diesel prices on June 2:
Key Factors Behind Petrol and Diesel Rates
Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central and several state governments.
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Oil Marketing Companies (OMCs) update fuel prices daily at 6 a.m., adjusting for fluctuations in global crude oil markets. While these rates are technically market-linked, they are also influenced by regulatory measures such as excise duties, base pricing frameworks, and informal price caps.
Key Factors Influencing Fuel Prices in India
Crude Oil Prices: Global crude oil rates are a primary driver of fuel prices, as crude is the main input in petrol and diesel production.
Exchange Rate: Since India relies heavily on crude oil imports, the value of the Indian rupee against the US dollar significantly affects fuel costs. A weaker rupee typically translates to higher prices.
Taxes: Central and state-level taxes constitute a major portion of retail fuel prices. Tax rates vary across states, leading to regional price differences.
Refining Costs: The cost of processing crude oil into usable fuel impacts retail prices. These costs can fluctuate depending on crude quality and refinery efficiency.
Demand-Supply Dynamics: Market demand also influences fuel pricing. Higher demand can push prices up as supply adjusts to consumption trends.
How to Check Petrol and Diesel Prices via SMS
You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by 'RSP" to 9224992249. BPCL customers can send 'RSP" to 9223112222, and HPCL customers can text 'HP Price" to 9222201122 to receive the current fuel prices.
About the Author
Aparna Deb
Watch India Pakistan Breaking News on CNN News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated!
First Published:
June 02, 2025, 07:19 IST
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