As of September 12, 2025, fuel prices are seeing some movement across the globe and within India. Here's a snapshot of what's happening with petrol and diesel rates.
Global Market Trends
- Gasoline: Gasoline prices have fallen to $1.96 USD/Gal, a 0.59% decrease from the previous day. Despite this recent drop, gasoline prices are still 1.05% higher than they were a year ago.
- Brent Crude Oil: Brent crude oil futures experienced a 1.7% decrease, settling at $66.4 per barrel. This followed a three-day rally, with demand concerns in the US and fears of global oversupply outweighing geopolitical risks. As of September 12, 2025, Brent crude oil is priced at $66.08 USD/Bbl, which is 0.24% lower than the previous day, but 0.68% higher than the past month.
- The Energy Information Administration (EIA) projects a decline in the national average price per gallon of diesel to below $3.70 by the end of 2025. The EIA also forecasts Brent crude oil prices to decrease to $59 per barrel in the fourth quarter of 2025 and $50 per barrel by early 2026.
Factors Influencing Fuel Prices in India
Several factors contribute to the daily revision of fuel prices at 6 a.m. in India. These include:
- Crude Oil Costs: The cost of crude oil that India imports from other countries is a primary determinant.
- OMC Costs: Oil companies refine crude oil into petrol and diesel and then sell it to dealers throughout India.
- Value Added Tax (VAT): VAT differs from state to state, causing variations in fuel prices across different states and cities.
- Excise Duty: The excise duty remains consistent across all states.
- Dealer Commission: This is another factor that varies from dealer to dealer.
Fuel Prices in Indian Cities
While specific, updated prices for petrol and diesel in major Indian cities for September 12, 2025, are not available in the provided search results, looking at previous data from early September 2025 and earlier years can give an idea of general price levels:
- In early September 2025, petrol prices in New Delhi were around Rs 94.77 per liter, while in Mumbai, they were Rs 103.5. Diesel prices in New Delhi were Rs 87.67 per litre, and in Mumbai, Rs 90.03.
- Comparing to September 12, 2023, petrol in Delhi was at Rs 96.72 a litre, and diesel was being sold at Rs 89.62 a litre. In Mumbai, petrol cost Rs 106.31, and diesel was at Rs 94.27 per litre.
Other Fuel Types
- CNG: In Mumbai, India, the cost of CNG is ₹77.00 per kilogram. CNG prices in India generally range from Rs. 75/- to Rs. 90.5/- per Kg.
Geopolitical Influences
Geopolitical tensions, such as the Israeli attack in Doha, Qatar, and the Russian drone incursion into Poland's airspace, can contribute to potential pump price adjustments. Furthermore, new trade opportunities from United States tariffs and OPEC+ production adjustments also play a role.
