Petrol price today 3 May 2026: Check latest rates in Delhi, Mumbai, Chennai, Kolkata and Bengaluru

Petrol prices in India are revised every day at 6 a.m. under a dynamic pricing mechanism. These revisions are influenced by several factors, including geopolitical developments, global crude oil prices, the rupee to US dollar exchange rate, and overall supply and demand conditions. Key factors influencing petrol prices include dealer commissions, geopolitical events, natural disasters, government subsidies, supply and demand patterns, currency exchange rates, global crude oil prices, and taxes such as value added tax and excise duty. Cost components in petrol pricing include global crude oil prices as the primary factor, refining expenses by oil marketing companies, excise taxes and road cess imposed by the central government, and state-level taxes like value added tax or sales tax. Additional elements in the pricing structure include an inflation margin to account for potential increases in crude oil and refining costs, and dealer commissions representing earnings of petrol pump operators. City-wise petrol prices are listed as follows: Chennai ₹100.79 per litre, Hyderabad ₹107.45 per litre, Mumbai ₹103.49 per litre, Pune ₹103.80 per litre, Kolkata ₹104.99 per litre, and Bengaluru ₹102.96 per litre.