As of September 19, 2025, petrol and diesel prices in India are subject to daily revisions at 6 a.m. based on global oil trends and the rupee's value. These prices vary across states due to factors such as state taxes, transportation costs, and local regulations.

Current Prices in Major Cities:

While specific price changes for today are still being updated, recent data indicates the following trends:

• New Delhi: Petrol is trading at Rs 94.77 per litre.
• Mumbai: Petrol is at Rs 103.50 per litre, and diesel is at ₹90.03 per litre.
• Kolkata: Petrol is priced at Rs 105.41 per litre.
• Chennai: Petrol is at Rs 100.93 per litre.

It's important to note that these figures are approximate and could vary slightly depending on the fuel station.

Factors Influencing Price Fluctuations:

Several factors contribute to the volatility of petrol and diesel prices in India:

• Global Crude Oil Prices: The cost of crude oil, which India imports, is a primary determinant of fuel prices. International crude oil prices are influenced by factors such as geopolitical events, supply and demand dynamics, and production decisions by major oil-producing countries.
• Exchange Rate: The rupee-to-US dollar exchange rate also plays a crucial role, as oil imports are typically denominated in US dollars.
• Taxation: Central and state government taxes, including excise duty and Value Added Tax (VAT), constitute a significant portion of the retail price of petrol and diesel. Excise duty remains consistent across all states, while VAT varies, leading to price differences.
• OMC Costs & Dealer Commission: The costs incurred by oil marketing companies (OMCs) in refining crude oil and the commission provided to dealers also factor into the final price.

Recent Trends and Predictions:

In the past, fuel prices in India have shown volatility due to fluctuations in global oil prices and changes in domestic taxation policies. Geopolitical tensions and supply chain disruptions can also impact prices. For example, intensified attacks on Russia's ports and refineries by Ukraine have impacted Russian supplies and rising concerns of a broader escalation of tension in the Middle East are also supporting prices.

Impact of Rising Fuel Costs:

Rising fuel costs can have a cascading effect on the economy:

• Consumers: Higher petrol and diesel prices directly impact household budgets, increasing transportation expenses.
• Inflation: Increased transportation costs, particularly for diesel which is used extensively in commercial vehicles, can lead to inflationary pressures on commodity prices.
• RBI and Interest Rates: To manage inflation, the Reserve Bank of India (RBI) may adjust interest rates, which can affect borrowing costs.

Alternative Energy and Future Outlook:

The increasing adoption of electric vehicles and alternative fuels could potentially influence future petrol price trends in India. If global demand falls, India's petrol prices might decrease.

How to Check Daily Prices:

Fuel prices are generally revised daily at 6 a.m.. Consumers can check the latest prices through the websites and mobile apps of OMCs like Indian Oil, Bharat Petroleum, and Hindustan Petroleum, or through other fuel price tracking services.