Petrol Diesel Price 02 January: The new year has begun with several new changes. As is the daily practice, on Saturday, January 2, 2026, government oil companies released the new prices of petrol and diesel for the entire country at 6 AM. Fuel prices in India are determined daily, and these changes depend on factors such as international crude oil rates, the rupee-dollar exchange rate, taxes, and dealer margins.
These price changes affect everyday life, whether it’s someone going to the office or a vegetable vendor. Therefore, it is important to stay informed about the prices every day. So, let’s find out what the price of petrol and diesel is across the country today.
Petrol Diesel Price January 2: See the latest petrol and diesel rates
| City | Price |
|---|---|
| New Delhi | ₹94.77 |
| Kolkata | ₹105.45 |
| Mumbai | ₹103.54 |
| Chennai | ₹100.85 |
| Gurgaon | ₹95.38 |
| Noida | ₹95.12 |
| Bangalore | ₹102.98 |
| Bhubaneswar | ₹100.93 |
| Chandigarh | ₹94.30 |
CNG Rate Today: What is the price of CNG today?
| City | Amount |
|---|---|
| New Delhi | 77.09 |
| Mumbai | 77.00 |
| Chennai | 91.50 |
| Bangalore | 89.95 |
| Hyderabad | 96.00 |
| Mathura | 94.35 |
| Meerut | 87.05 |
Petrol and Diesel Prices: How are they determined?
In India, petrol and diesel prices are determined daily by oil marketing companies (OMCs). These companies set prices taking into account the price of crude oil in the international market, foreign exchange rates, taxes levied by the central and state governments, and the dealer’s margin. Since each state has a different tax structure, there is a slight variation in petrol and diesel prices across different cities in the country on the same day.
Also Read- New Year shock for LPG customers: Cylinder prices increased, Check latest rates
