As of August 29, 2025, fuel prices are experiencing fluctuations across various cities and regions, influenced by a complex interplay of global events, supply concerns, and economic policies. Consumers are advised to check the rates in their specific cities to stay informed.

Global Factors and Price Adjustments

Several international factors are contributing to the changes in petrol and diesel prices. Escalated attacks between Russia and Ukraine on energy infrastructure have raised concerns about potential supply disruptions. New US tariffs on India, signals from the US Federal Reserve regarding possible interest rate cuts, and significant drawdowns in US crude and fuel inventories are also impacting the market.

In the Philippines, for example, gasoline prices are expected to increase by P0.40 to P0.60 per liter, while diesel prices may rise by P0.80 to P1.00 per liter next week. These estimates are based on the Mean of Platts Singapore (MOPS), a benchmark for refined product pricing in Southeast Asia. Local oil companies had already increased gasoline prices by P0.70 per liter and diesel prices by P0.50 per liter this week.

Regional Price Variations

In India, petrol prices vary significantly across different cities and states. On August 29, 2025, Patna recorded the highest petrol price among Indian cities at Rs 105.58 per liter, while Itanagar had the lowest at Rs 90.67 per liter. Among state capitals, Andhra Pradesh had the highest petrol rate at Rs 109.59 per liter, and Arunachal Pradesh had the lowest at Rs 92.36 per liter. These prices are revised daily.

In Ajmer, the petrol price is INR 0 per liter today. In Trivandrum, the petrol price has slightly increased to Rs 107.48 per liter.

Factors Influencing Local Prices

Several factors influence the retail prices of petrol and diesel in India. These include the Rupee to US dollar exchange rate, the cost of crude oil, global cues, and the demand for fuel. Diesel prices in Rae Bareli are calculated considering the Indian crude oil basket price, dealer and refining margins, transportation costs, state value-added tax, and central excise duty. State levies also contribute to price differences between states.

Impact of Price Fluctuations

Rising diesel prices can have a cascading effect on the economy. Increased transportation costs, due to higher diesel prices, can lead to inflationary pressures, potentially prompting the Reserve Bank of India (RBI) to adjust interest rates.

Checking Daily Fuel Rates

Consumers can stay updated on daily petrol and diesel prices through various methods. Oil marketing companies like Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation provide customer care services and SMS-based services to get the latest prices. The dynamic fuel pricing mechanism, implemented in June 2017, ensures daily updates at 6 AM, enhancing transparency and limiting speculative practices.

Trends and Predictions

In Halifax, regular gas prices are expected to be around $1.47.9 per liter on August 29th, with diesel prices also set to increase. Overall, market analysts suggest that motorists should prepare for potentially higher prices in the coming weeks.