As of May 9, 2025, petrol and diesel prices remain largely stable across Indian cities, with no major revisions announced. The last significant change in petrol prices occurred in March 2024, when rates were reduced by ₹2 per liter.

Current Fuel Prices in Major Cities:

• Delhi: Petrol is retailing at ₹94.77 per liter.
• Bhubaneswar: Petrol costs ₹100.94 per liter and diesel is ₹92.56 per liter.
• Andhra Pradesh: Diesel price is INR 97.43 per liter.

These prices include excise duty, value-added tax (VAT), and dealer commission. It's important to note that these components can vary from state to state, leading to differences in fuel prices across the country.

Factors Influencing Fuel Prices:

Several factors influence the daily price fluctuations of petrol and diesel in India. These include:

• Crude Oil Prices: The cost of crude oil in the international market is a primary driver of domestic fuel prices.
• Rupee-Dollar Exchange Rate: Fluctuations in the exchange rate between the Indian rupee and the US dollar impact the cost of importing crude oil.
• Global Cues: International events and market trends can influence oil prices.
• Demand and Supply: The demand for fuel and its supply also play a role in price determination.
• OPEC+ Decisions: Decisions by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) regarding oil production levels can significantly impact global fuel prices.

Potential Price Decrease Next Week:

Oil industry sources anticipate a potential decrease in fuel prices in the coming week. This is primarily attributed to OPEC+'s plans to increase oil production in June.

• Gasoline prices are expected to decrease by ₹0.30 to ₹0.75 per liter.
• Diesel prices may fall by ₹1 to ₹1.35 per liter.
• Kerosene prices could be reduced by ₹1.30 to ₹1.45 per liter.

Recent Price Adjustments:

On May 6, 2025, oil companies implemented the following price reductions:

• Gasoline: ₹0.55 per liter
• Diesel: ₹0.65 per liter
• Kerosene: ₹0.90 per liter

Impact of Price Adjustments:

The recent price movements have resulted in a net increase of ₹3.10 per liter for gasoline and ₹3.00 per liter for diesel year-to-date. Meanwhile, kerosene has seen a net decrease of ₹2.00 per liter year-to-date.