Fuel prices across India saw their daily update on July 11, 2025, with revisions taking effect at 6:00 AM to reflect changes in global oil prices and currency values. These daily adjustments are part of a dynamic fuel pricing system implemented in June 2017 to enhance transparency and limit speculation. However, fuel prices remained steady across most metros.

Current Prices in Major Cities

As of July 11, 2025, petrol prices in major Indian cities are as follows:

• Delhi: ₹94.77 per liter.
• Mumbai: ₹103.50 per liter.
• Chennai: ₹100.80 per liter.
• Kolkata: ₹105.41 per liter.
• Hyderabad: ₹107.46 per liter.
• Bengaluru: ₹99.84 per liter.

Diesel prices in these cities are:

• Delhi: ₹87.67 per liter.
• Mumbai: ₹90.03 per liter.
• Chennai: ₹92.39 per liter.
• Kolkata: ₹92.02 per liter.
• Chandigarh: ₹82.45 per liter.

It's worth noting that prices can vary due to local taxes, with Hyderabad having the highest petrol price and Chandigarh offering the cheapest diesel. In Haryana, petrol is priced at ₹95.33 per liter. Odisha sees petrol at ₹102.53 per liter and diesel at ₹94.05 per liter. Vishakhapatnam has petrol rates of ₹108.29 per liter.

Factors Influencing Fuel Prices

Several factors influence the price of petrol and diesel in India:

• Global Crude Oil Prices: The cost of crude oil that India imports significantly impacts fuel prices.
• Rupee to US Dollar Exchange Rate: Fluctuations in the exchange rate affect the cost of importing crude oil.
• Geopolitical Risks: Events like wars can disrupt the market and influence prices.
• Supply and Demand: Actual and expected demand for fuel plays a role in price determination.
• Government Taxes: Excise duty remains consistent across states, but Value Added Tax (VAT) varies, causing price differences between states.
• OMC Costs: The costs incurred by oil marketing companies (OMCs) in refining crude oil into petrol and diesel are factored into the final price.
• Dealer Commission: Commissions vary from dealer to dealer.

Dynamic Fuel Pricing

The dynamic fuel pricing mechanism, in effect since June 2017, ensures that fuel prices are revised daily at 6:00 AM. This system allows OMCs to adjust prices in response to changes in global crude oil costs and currency exchange rates. This approach aims to make pricing more transparent and reduce speculative practices.

Global Oil Market

Global oil prices have seen some volatility. Recently, Brent crude experienced a surge before slightly declining to $68.82 a barrel, a decrease of 0.26%. West Texas Intermediate crude for August traded near $66.63, reflecting a 0.39% loss.

Regional Price Updates

In Nova Scotia, Canada, gas prices are set to increase by 3.5 cents per liter, bringing the price back to around $1.436 per liter. Diesel prices in Nova Scotia will also rise by 4.7 cents, averaging around $1.581 per liter.