As of September 28, 2025, petrol and diesel prices across major Indian cities remain relatively stable, with minor fluctuations observed in some locations. Fuel rates are revised daily at 6 a.m. by government oil companies, a practice that began in June 2017 to enhance transparency and curb speculation. These prices are influenced by a complex interplay of factors, including international crude oil prices, the rupee-dollar exchange rate, geopolitical events, and domestic taxes.

Current Prices in Major Cities:

• Delhi: Petrol is priced at ₹94.77 per liter, while diesel stands at ₹87.67 per liter. These rates have remained unchanged for an extended period, specifically since October 30, 2024.
• Mumbai: Petrol costs ₹103.50 per liter, and diesel is at ₹90.03 per liter. Similar to Delhi, these prices have remained steady for the past nine months.
• Chennai: Petrol is retailing at ₹100.90 per liter, and diesel is at ₹92.48 per liter. There has been a slight increase of ₹0.33 in diesel prices.
• Kolkata: Petrol is priced at ₹105.41 per liter, with diesel at ₹92.02 per liter.

Factors Influencing Price Stability:

The stability in fuel prices can be attributed to several factors. The Indian government's stable taxation policies have played a crucial role in maintaining steady rates despite fluctuations in global crude oil prices. Additionally, a balanced supply and demand in the global market has contributed to price consistency. The steady crude oil prices are influenced by ongoing geopolitical developments and the production policies of OPEC (Organization of the Petroleum Exporting Countries).

Regional Price Variations:

Despite the overall stability, variations exist across different cities and states due to factors such as state taxes, transportation costs, and local market conditions. For instance, Srinagar currently has the lowest diesel and petrol prices, while Itanagar has the highest. These differences highlight the impact of regional factors on fuel pricing.

Dynamic Fuel Pricing:

The daily revision of fuel prices, known as dynamic fuel pricing, ensures that changes in international crude oil prices and currency exchange rates are quickly reflected in retail prices. This system aims to improve transparency and reduce speculative practices in the market.

Historical Trends and Future Outlook:

Over the years, petrol and diesel prices in India have generally increased due to factors such as rising global crude oil prices, exchange rate fluctuations, and government policies on taxes and subsidies. The long-term implications of these trends necessitate exploring alternative energy sources to reduce dependence on fossil fuels. The government is actively promoting renewable energy and other sustainable options to mitigate the impact of fluctuating fuel prices on the economy and consumers.

Impact on Consumers:

Stable fuel prices provide a sense of financial relief to consumers, allowing for better budgeting and expenditure planning. Furthermore, consistent transportation costs contribute to overall economic stability by keeping inflation in check.

In conclusion, as of September 28, 2025, petrol and diesel prices in India are relatively stable, influenced by a combination of global and domestic factors. While prices remain consistent in major cities, regional variations exist due to local taxes and transportation costs. The dynamic fuel pricing system ensures transparency and responsiveness to market changes, while long-term strategies focus on promoting alternative energy sources for a sustainable future.