Fuel Rates Today, On June 1: Prices of petrol and diesel remained unchanged on June 1, 2026, as the OMCs did not revise rates amidst the fluctuating global energy rates.

The hike in the fuel prices follows the several weeks of increasing petrol and diesel prices that happened in May, and the latest one took place on May 25, when petrol and diesel prices were hiked by Rs 2.61 per litre and Rs 2.71 per litre, respectively.

The flat review is good news for customers, but the current fuel rates remain steep, and customers still worry about further changes.

Why are fuel prices still high?

Despite unchanged prices today, both gasoline and diesel are still experiencing the effects of earlier increases. May 25th saw the 4th price increase of fuels in under a fortnight, with average petrol and diesel prices cumulatively gaining approximately 7.50 per litre over the fortnight to this point (since the mid-May increase). The oil marketing companies justified their move by attributing the change to the spike in global crude oil prices and an attempt to recoup losses incurred during previous months. The increase in global crude prices beyond 100 dollars per barrel also put pressure on domestic fuel prices.

How are fuel prices decided in India?

Gasoline and diesel prices are adjusted at 6 AM every day considering variables such as the current global prices of crude oil, the exchange rate between the rupee and the US dollar, transport costs, and commissions paid to dealers and state taxes. Consequently, fuel costs differ across Indian cities.

Petrol Prices In India On June 1

Diesel Prices In India On June 1