Fuel costs are a daily concern for every Indian household. Recently, Oil Marketing Companies (OMCs) released the latest rates for the day. Specifically, prices have remained steady in most metros for months. Therefore, you will see little to no change at the pump this morning.
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Major City Fuel Rates for February 7
First, check the table below for the latest notified prices. Specifically, these rates include local VAT and dealer commissions.
| City | Petrol (₹/L) | Diesel (₹/L) |
| New Delhi | ₹94.77 | ₹87.67 |
| Mumbai | ₹103.50 | ₹90.03 |
| Kolkata | ₹105.41 | ₹92.02 |
| Bengaluru | ₹102.96 | ₹90.99 |
| Hyderabad | ₹107.50 | ₹95.70 |
| Lucknow | ₹94.73 | ₹87.86 |
Now, you might notice that Mumbai has much higher rates. Specifically, this is due to higher state-level taxes in Maharashtra. After that, look at Chandigarh for some of the lowest rates. In fact, fuel there is much cheaper than in neighboring states. Finally, the rates in Noida and Patna also show high local VAT.
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Factors Behind Today’s Fuel Prices
The daily price revision depends on global crude oil trends. Specifically, Brent crude has been trading in a narrow range recently. Then, the USD to INR exchange rate also plays a big role. In fact, a stronger dollar makes oil imports more costly for India. Therefore, the government often uses excise duty cuts to keep retail prices stable.
Now, India has also hit its 20 percent ethanol blending goal. Specifically, this helps reduce our dependence on costly foreign crude. Then, OMCs use a 15-day rolling average to set the final price. After that, the rates are sent to dealers every morning. Finally, the price you pay at the bunk includes a fixed commission.
How to Check Rates via SMS
First, you can get the latest prices on your phone. Specifically, send an SMS with your city code to the numbers below.
Indian Oil (IOCL): SMS ‘RSP [Dealer Code]’ to 92249-92249.
Bharat Petroleum (BPCL): SMS ‘RSP [Dealer Code]’ to 92231-12222.
Hindustan Petroleum (HPCL): SMS ‘HPPRICE [Dealer Code]’ to 92222-01122.
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Reality Check
Reality Check: OMCs claim they follow a “dynamic” pricing model daily. Still, retail prices have barely moved despite global oil price drops. In 2025, crude fell significantly, but pump rates stayed the same. Therefore, the “daily” change is often a mere formality for consumers. Meanwhile, the state keeps high taxes to fund welfare and infrastructure. Yet, stable prices do help in keeping transport-driven inflation low.
The Loopholes
The Loopholes: Fuel is still not under the GST system in India. In fact, states refuse to give up their VAT revenue. Also, the base price of fuel is actually quite low. Therefore, taxes make up over 40 percent of what you pay.
What This Means for You
Recently, the RBI kept interest rates steady due to low inflation. Now, stable fuel costs are helping keep food prices in check. First, use apps like Park+ to find the cheapest bunk. Then, plan your long trips through cities with lower VAT rates. Next, check your tires often to save on fuel consumption. Indeed, every small saving adds up for a middle-class budget.
Next Steps
Compare the fuel rates in your neighboring districts before you fill up. Then, look for digital payment offers at specific bunks for extra cashback. Would you like me to find the dealer codes for the main bunks in your area?
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