Petrol, Diesel Prices Today, July 2, 2026: Fuel Rates Hold Steady Across Metro Cities; Patna Sees Hike, Thiruvananthapuram Records Decline

Mumbai, July 2: Petrol and diesel prices remained largely stable across India’s major metro cities and state capitals on Wednesday, with only a few locations witnessing marginal revisions. Fuel rates in key cities including New Delhi, Mumbai, Kolkata, Hyderabad, Bengaluru and Jaipur were unchanged, reflecting continued stability in retail fuel pricing. 

Among notable changes, petrol prices rose in Patna and Chennai while declining in Noida and Thiruvananthapuram. Diesel prices also edged higher in Patna but fell in Noida and Thiruvananthapuram. Variations in fuel prices across states continue to be driven by differences in value-added tax (VAT), dealer commissions, transportation costs and other local levies.  

Oil prices fell on Thursday, extending losses from the previous session, after indirect talks between the United States and Iran in Doha concluded with signs of progress, easing fears of potential supply disruptions from the Middle East. 

Also Read: How To Invest In Crude Oil 

Brent crude futures fell 1% to $70.8 a barrel while U.S. West Texas Intermediate (WTI) crude declined 1.2% to $67.8 a barrel. 

The decline followed remarks from Iranian officials indicating that the Doha negotiations were “constructive,” raising hopes for de-escalation after weeks of heightened tensions in the region. The talks have reduced immediate concerns over disruptions to oil shipments through the Strait of Hormuz, a critical route for nearly a fifth of global crude supplies. 

Adding to the bearish sentiment, expectations that OPEC+ could proceed with another production increase in August have reinforced the view that global supplies will remain adequate. The producer group is widely expected to continue unwinding voluntary output cuts amid resilient demand. 

Petrol Prices 

Petrol prices remained largely unchanged across India’s major metro cities and state capitals on Wednesday, with only a handful of locations witnessing marginal revisions. Fuel rates in New Delhi stayed steady at ₹102.12 per litre, while prices in Mumbai, Kolkata, Hyderabad, Jaipur, Bengaluru, Lucknow, Gurgaon, Bhubaneswar, and Chandigarh were also unchanged from the previous day. 

Petrol got cheaper in Thiruvananthapuram as prices fell 69 paise. On the other had, Patna saw a rise of 32 paise. Source: goodreturns.in  

Among the cities that saw revisions, Chennai recorded a marginal increase of 1 paise to ₹107.77 per litre, while Patna saw a sharper 32-paise rise to ₹113.69 per litre. In contrast, petrol became cheaper in Thiruvananthapuram, where prices fell 69 paise to ₹114.80 per litre, and in Noida, where rates declined 16 paise to ₹101.96 per litre. Petrol prices continue to vary across states due to differences in value-added tax (VAT), freight charges and local levies. 

Diesel Prices 

Diesel prices remained stable across most of India’s metro cities and state capitals on Wednesday, with rates unchanged in key markets including New Delhi (₹95.20 per litre), Mumbai (₹97.83), Kolkata (₹99.82), Chennai (₹99.55), Hyderabad (₹103.82), Bengaluru (₹99.56), Jaipur (₹98.25), Lucknow (₹95.36), Gurgaon (₹95.64), Bhubaneswar (₹100.68) and Chandigarh (₹89.47). 

Diesel got cheaper in Noida by 12 paise whereas the fuel got costlier in Patna by 31 paise. Source: Goodreturns.in 

Among the cities that witnessed revisions, Patna recorded a 31-paise increase in diesel prices to ₹99.67 per litre, while Thiruvananthapuram saw the sharpest decline, with prices falling 76 paise to ₹103.64 per litre. Diesel also became 12 paise cheaper in Noida, where it was priced at ₹95.44 per litre. Fuel prices continue to differ across states owing to variations in value-added tax (VAT), dealer commissions and local levies.  

Source

•  goodreturns.in