Petrol price today 3 May 2026: Check latest rates in Delhi, Mumbai, Chennai, Kolkata and Bengaluru

Petrol prices in India are revised every day at 6 a.m. under a dynamic pricing mechanism. These revisions are influenced by several factors, including geopolitical developments, global crude oil prices, the rupee to US dollar exchange rate, and overall supply and demand conditions.

Key factors influencing petrol prices

A range of elements contribute to fluctuations in petrol rates across the country. These include dealer commissions, geopolitical events, natural disasters, government subsidies, supply and demand patterns, currency exchange rates, global crude oil prices and taxes such as value added tax and excise duty.

Cost components in petrol pricing

Global crude oil prices remain a primary factor in determining petrol rates, as they directly impact the base cost. Refining expenses incurred by oil marketing companies in processing crude oil into petrol also form a key component.


Excise taxes and road cess imposed by the central government add to the retail price. State-level taxes, including value added tax or sales tax, further influence the final cost paid by consumers.

Additional elements in pricing structure

An inflation margin is included in pricing to account for potential increases in crude oil and refining costs. Dealer commissions, which represent the earnings of petrol pump operators, are also factored into the overall price structure.

City-wise petrol prices

City	Petrol Price (₹ per litre)
Chennai	100.79
Hyderabad	107.45
Mumbai	103.49
Pune	103.8
Kolkata	104.99
Bengaluru	102.96