Petrol and Diesel Prices on February 14, 2026: Oil Marketing Companies (OMCs) continue their daily 6 AM revision of fuel prices, reflecting movements in global crude oil benchmarks and currency exchange rates.
The system is designed to ensure transparency and provide consumers with up-to-date retail fuel rates across the country. Although petrol and diesel prices have largely remained steady since the tax cuts announced in May 2022 by the Centre and several state governments, daily revisions remain in place to account for international and domestic cost factors.
What Determines Petrol And Diesel Prices In India?
Even though fuel prices are market-linked, they are shaped by multiple economic and policy variables:
Petrol Diesel Price Today In India
Check city-wise
petrol and diesel prices
on February 14:
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| New Delhi | 94.72 | 87.62 |
| Mumbai | 104.21 | 92.15 |
| Kolkata | 103.94 | 90.76 |
| Chennai | 100.75 | 92.34 |
| Ahmedabad | 94.49 | 90.17 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.69 | 87.80 |
| Pune | 104.04 | 90.57 |
| Chandigarh | 94.30 | 82.45 |
| Indore | 106.48 | 91.88 |
| Patna | 105.58 | 93.80 |
| Surat | 95.00 | 89.00 |
| Nashik | 95.50 | 89.50 |
1. Global Crude Oil Prices
India imports the majority of its crude oil. Any rise or fall in international crude benchmarks directly impacts the base cost of petrol and diesel.
2. Rupee–Dollar Exchange Rate
Since crude oil is traded globally in US dollars, the strength of the Indian rupee plays a crucial role. A weaker rupee increases import costs, often leading to higher retail prices.
3. Central And State Taxes
Excise duty levied by the Centre and VAT imposed by states make up a significant portion of the final pump price. Differences in state VAT rates explain why fuel prices vary across cities.
4. Refining And Transportation Costs
The expense of refining crude into usable fuel, along with freight and dealer commissions, also contributes to the final price consumers pay.
5. Demand And Supply Trends
Seasonal demand spikes or supply disruptions can influence pricing adjustments, particularly in volatile global markets.
How To Check Today’s Fuel Prices
Consumers can check the latest petrol and diesel prices through SMS services offered by major OMCs:
Indian Oil Corporation: Text your city code followed by “RSP” to 9224992249
Bharat Petroleum Corporation Limited: Send “RSP” to 9223112222
Hindustan Petroleum Corporation Limited: Text “HP Price” to 9222201122
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