Fuel prices in India continue to hold steady, offering some relief to consumers even as market trends fluctuate globally. Here’s everything you need to know about today’s petrol and diesel rates and how they’re determined.
Fuel Price Stability Amid Global Market Trends
As of April 29, 2025, oil marketing companies (OMCs) have kept petrol and diesel prices largely unchanged. These adjustments occur every morning at 6 AM, reflecting overnight shifts in global crude oil markets and currency exchange rates. The last major revision in India was back in May 2022, when the central and several state governments slashed fuel taxes to curb inflationary pressures.
Currently, pricing remains influenced by a mix of excise duties, base price adjustments, and price caps set by government policies. OMCs like Indian Oil Corporation (official site), Bharat Petroleum (official site), and Hindustan Petroleum (official site) play a pivotal role in ensuring transparency by aligning domestic rates with international benchmarks.
How to Check Petrol and Diesel Prices Instantly
Need the latest fuel rates? It’s easy to stay informed via SMS. Indian Oil customers can send an SMS with the format RSP
| Company | SMS Format | Number |
|---|---|---|
| Indian Oil | RSP |
9224992249 |
| BPCL | RSP | 9223112222 |
| HPCL | HP Price | 9222201122 |
Looking Ahead: What Could Influence Prices Next?
While fuel rates remain stable for now, shifts in key economic sectors such as auto stocks, ongoing bank rallies, and volatile market trends like Nifty movements could indirectly pressure crude oil prices. Notably, any significant adjustments in the U.S. Federal Reserve’s interest rates or OPEC+ production decisions could also ripple across global markets, influencing India’s fuel pricing landscape.
That said, consumers and investors alike should keep a close eye on these indicators as the year progresses, especially with economic events lined up that could tilt the balance. Stay connected for more updates.