Indian motorists received some relief on June 2, 2026, as petrol and diesel prices remained largely unchanged across major cities, with only minor adjustments of a few paise reported in select locations. The stability comes after four fuel price hikes over the past few weeks, during which petrol and diesel prices increased significantly across the country.
Despite the recent increases, oil marketing companies are reportedly still facing losses due to rising crude oil costs and market pressures. Analysts say international oil prices and geopolitical developments continue to influence domestic fuel pricing.
Latest Petrol Prices (June 2, 2026)
| City | Petrol Price (₹/Litre) |
|---|---|
| New Delhi | 102.12 |
| Mumbai | 111.21 |
| Chennai | 107.74 |
| Kolkata | 113.51 |
| Gurugram | 102.85 |
| Noida | 101.93 |
| Bengaluru | 110.93 |
| Hyderabad | 115.62 |
| Jaipur | 113.46 |
| Patna | 113.74 |
Latest Diesel Prices (June 2, 2026)
| City | Diesel Price (₹/Litre) |
|---|---|
| New Delhi | 95.20 |
| Mumbai | 97.83 |
| Chennai | 99.55 |
| Kolkata | 99.82 |
| Gurugram | 95.64 |
| Noida | 95.42 |
| Bengaluru | 98.80 |
| Hyderabad | 102.54 |
| Jaipur | 98.92 |
| Patna | 100.46 |
Why Fuel Prices Matter Right Now
Fuel prices have become a major topic across India as rising crude oil prices and tensions in the Middle East continue to create uncertainty in global energy markets. Experts warn that further fluctuations in international oil prices could affect future petrol and diesel rates.
The recent increases have already pushed fuel prices above ₹110 per litre in several cities, including Mumbai, Hyderabad, Kolkata, and Patna, placing additional pressure on households and businesses.
What Determines Petrol And Diesel Prices?
Several factors influence fuel prices in India:
- International crude oil prices
- Rupee-dollar exchange rates
- Central government excise duties
- State VAT taxes
- Transportation and dealer commissions
Since India imports a significant portion of its crude oil requirements, global market movements have a direct impact on domestic fuel prices.
