How is the today petrol price decided in India?

State-run OMCs review landed crude cost, refinery and freight charges, marketing margins, and taxes. Central excise is a fixed duty per litre, while states levy VAT. The rupee’s value versus the dollar also matters. Together, these inputs set the pump price posted each morning.

Why did OMCs hold prices despite crude approaching $120?

Companies may use inventory gains, prior margins, and government guidance to smooth short spikes. Authorities also weigh inflation impact on households and transport. If crude strength persists and margins tighten, OMCs could lift prices gradually, or policymakers may adjust duties to cushion the blow.

What could change the petrol rate today over the next week?

Key triggers include Brent’s trend, rupee movement, and any tax action by the Centre or states. Demand into summer and refinery maintenance can also shift supply balances. If under-recoveries rise, OMCs may announce small revisions, often city-wise, based on local VAT and freight.

Where can I check today petrol price Chennai and other cities accurately?

Use IndianOil, BPCL, or HPCL mobile apps and websites for official daily rates. You can also verify at local pump boards and credible business dailies. City-wise prices differ due to state VAT and freight, so always check your neighborhood station before planning long trips.

Global Market Insights

India Fuel Prices March 13: Retail Rates Hold as Iran War Lifts Crude

ByHuzaifa Zahoor March 12, 2026March 12, 2026

The today petrol price in India stayed unchanged on 13 March 2026, even as Brent crude moved toward 120 dollars amid Iran-linked risks near the Strait of Hormuz. Retail diesel prices were also steady. Holding rates cushions near-term inflation and transport costs. Still, volatility in crude and the rupee keeps upside risk alive. We explain what stayed flat, why crude matters, how regional moves signal stress, and the key triggers that could shift pump prices next.