Petrol Diesel Price Today: Oil Marketing Companies (OMCs) have released the latest fuel prices for August 4, 2026, and there is no change in the retail rates of petrol, diesel, or CNG across major Indian cities. The revised prices came into effect at 6:00 AM, with companies deciding to keep rates unchanged despite fluctuations in global crude oil markets.

Although international crude oil prices continue to react to geopolitical developments and changing global demand, domestic retail fuel prices have remained stable for now. Consumers, however, are still paying higher rates following previous revisions linked to rising crude oil costs.

No Revision in Petrol, Diesel or CNG Prices

Oil Marketing Companies revise petrol and diesel prices every morning based on several factors, including:

• International crude oil prices
• Exchange rate between the Indian Rupee and the US Dollar
• Transportation and freight costs
• Refining expenses
• Central and state taxes

Similarly, CNG prices are reviewed periodically by City Gas Distribution (CGD) companies depending on market conditions.

For August 4, no fresh increase or decrease has been announced for any of these fuels.

Petrol Prices in Major Cities

Diesel Prices in Major Cities

Latest CNG Prices in Major Cities

Which Cities Have the Highest and Lowest Fuel Prices?

Among the major cities, Hyderabad continues to record the highest petrol price at ₹115.69 per litre, followed closely by Thiruvananthapuram, where petrol costs ₹115.49 per litre.

On the other hand, Chandigarh remains the cheapest among the listed cities, with petrol priced at ₹98.10 per litre. Delhi and Lucknow also continue to have comparatively lower petrol prices.

For diesel:

• Thiruvananthapuram has the highest diesel price at ₹104.40 per litre.
• Hyderabad follows with ₹103.82 per litre.
• Chandigarh offers the lowest diesel price at ₹86.09 per litre.

Why Are Fuel Prices Still High?

Although today's fuel prices remain unchanged, retail rates continue to stay elevated due to several factors affecting the global energy market.

The primary reasons include:

Rising Global Crude Oil Prices

International crude oil prices have remained volatile amid geopolitical tensions and supply concerns. Since India imports a large share of its crude oil requirements, higher global prices directly influence domestic fuel costs.

Exchange Rate Movements

Crude oil is traded in US dollars. Any weakening of the Indian Rupee against the dollar increases import costs, putting upward pressure on fuel prices.

Taxes and Duties

Fuel prices also include central excise duty, state VAT, dealer commissions, and transportation charges. These taxes differ from one state to another, resulting in price variations across cities.

Export Duty Changes

The government has recently revised export duties on diesel and aviation turbine fuel (ATF), while keeping the export duty on petrol unchanged. Such policy decisions may indirectly influence the broader petroleum market.

Bottom Line

There is no relief for consumers on August 4, 2026, as petrol, diesel, and CNG prices remain unchanged across the country. While retail rates have not increased today, fuel prices continue to remain high due to global crude oil volatility, exchange rate fluctuations, and existing tax structures. Motorists are advised to check the latest city-wise prices regularly, as Oil Marketing Companies review fuel rates every morning at 6:00 AM.