Petrol Diesel Price & Excise Duty in India 2026: Today’s Rates & Breakdown

The petrol diesel price excise duty plays a major role in determining fuel prices in India. Prices vary daily based on global crude oil rates, taxes, and currency exchange.

People are searching:

• Petrol price today

• Diesel rate today

• Excise duty on petrol

• Fuel price in Hyderabad & Kolkata

1.Petrol Diesel Price Today (India)

Approximate fuel prices (can vary daily):

• Hyderabad: Petrol ₹109–₹111/litre

• Kolkata: Petrol ₹106–₹108/litre

• Delhi: Petrol ₹96–₹98/litre

• Mumbai: Petrol ₹105–₹107/litre

Diesel prices are usually ₹3–₹5 lower than petrol.

1.What is Excise Duty?

Excise duty is a tax imposed by the central government on fuel production.

It is included in:

• Petrol price

• Diesel price

2.Excise Duty on Petrol & Diesel (2026)

• Petrol: ~₹19–₹21 per litre

• Diesel: ~₹15–₹17 per litre

This tax significantly impacts final fuel prices.

2.Petrol Price Breakdown

The final petrol price includes:

1. Crude oil cost

2. Refining cost

3. Central excise duty

4. State VAT

5. Dealer commission

Taxes make up a large portion of the price.

3.Role of Oil Companies

Major oil companies like Indian Oil Corporation (IndianOil) decide daily fuel prices.

Other companies:

• Bharat Petroleum

• Hindustan Petroleum

4.Why Petrol Prices Change Daily?

• Global crude oil prices

• Rupee vs Dollar value

• Government taxes

• Demand and supply

5.Impact on Economy

• Transport cost increases

• Inflation rises

• Affects daily expenses

Fuel prices directly impact common people.

6.IOC Share & Market Impact

The stock of Indian Oil Corporation (IOC share) is influenced by:

• Crude oil prices

• Government policies

• Fuel demand

Investors track fuel price trends closely.

7.Petrol Price in Hyderabad & Kolkata

Hyderabad:

• One of the highest petrol prices due to VAT

Kolkata:

• Moderate pricing compared to metros

FAQs

What is excise duty on petrol?

A central government tax included in fuel price.

Why petrol prices are high in India?

Due to taxes, crude oil cost, and VAT.

Who controls petrol prices?

Oil companies like IndianOil.

Do petrol prices change daily?

Yes, based on global and domestic factors.