Fuel Price Update: Check Petrol, Diesel Rates in Your City Today (Aug 23)

Petrol and Diesel Prices Today, August 23, 2025.

Oil Marketing Companies (OMCs) revise petrol and diesel prices daily at 6 AM, adjusting them in line with global crude oil price movements and currency exchange rates. This ensures transparency and keeps consumers updated with the latest fuel rates.

Petrol & Diesel Prices in India (August 23)

Fuel prices have remained unchanged since May 2022, after the central government and several states cut taxes. Although the prices are technically market-linked, factors such as excise duties, pricing frameworks, and informal caps also influence them.

What Drives Fuel Prices in India?

Global Crude Oil Prices – The main input cost for petrol and diesel.

Exchange Rate – A weaker rupee against the dollar raises import costs.

Taxes – Excise duty and state VAT make up a significant share of retail prices, causing state-to-state variations.

Refining Costs – Processing crude oil into fuel adds to the cost, depending on quality and refinery efficiency.

Demand-Supply Dynamics – Rising demand often leads to higher retail prices.

How to Check Fuel Prices via SMS

IOCL: Send RSP <city code> to 9224992249

BPCL: Send RSP to 9223112222

HPCL: Send HP Price to 9222201122

You’ll get an instant SMS with the latest petrol and diesel prices for your city.