Delhi: On Wednesday, July 16, 2025, Oil Marketing Companies (OMCs) released the latest petrol and diesel prices across India. As per the daily dynamic pricing system, fuel rates are revised every morning at 6 AM, reflecting changes in global crude oil prices and currency exchange rates.

Despite international market fluctuations, fuel prices in India have remained largely stable since May 2022, following tax adjustments by the central and state governments.

City-Wise Fuel Prices on July 16, 2025:

petrol diesel price today July 16

📊 Factors Influencing Fuel Prices in India:

  • Global Crude Oil Prices: The primary driver of fuel costs.
  • Exchange Rate: A weaker rupee against the dollar increases import costs.
  • Taxes: Central and state taxes account for a major portion of retail prices.
  • Refining & Transport Costs: Vary by region and infrastructure.
  • Demand-Supply Dynamics: Seasonal and economic trends impact pricing.

📲 How to Check Fuel Prices via SMS:

  • Indian Oil: Type RSP <city code> and send to 92249 92249
  • BPCL: Send RSP to 92231 12222
  • HPCL: Send HP Price to 92222 01122

Consumers are advised to check local fuel rates before refueling, as prices may vary slightly across cities due to regional tax structures.