Petrol, Diesel Prices Remain Stable in Major Cities on October 23, 2025
Fuel prices across major Indian cities have remained largely stable on October 23, 2025. This stability follows a period of consistent prices, with rates in some cities unchanged for several months. The stability is attributed to steady global crude oil prices and a lack of significant changes in local taxes or policy shifts.
Delhi:
In the national capital, New Delhi, petrol is retailing at ₹94.77 per litre. Diesel prices are holding steady at ₹87.62 per litre. These rates have remained unchanged for the past 11 months, since October 30, 2024.
Mumbai:
In Mumbai, petrol prices are ₹103.50 per litre, also with no change recorded. Diesel in Mumbai is priced at ₹92.15 per litre.
Other Major Cities:
- Kolkata: Petrol is retailing at ₹104.95 per litre.
- Chennai: Petrol rates are around ₹100.75 per litre.
- Bangalore: Petrol prices are approximately ₹102.86 per litre.
- Chandigarh: Petrol is priced at ₹94.30 per litre.
- Jaipur: Petrol rates are around ₹104.88 per litre.
Factors Influencing Fuel Prices:
Several factors influence the price of petrol and diesel in India. These include:
- Global Crude Oil Prices: Fluctuations in the international crude oil market directly impact domestic fuel prices.
- Exchange Rate: The exchange rate between the Indian Rupee and the US Dollar affects the cost of importing crude oil. A weaker Rupee leads to higher import costs.
- Excise Duty and VAT: Taxes imposed by the central and state governments constitute a significant portion of the retail price.
- Refining and Distribution Costs: The costs associated with refining crude oil and transporting fuel to retail outlets also contribute to the final price.
- Geopolitical Factors: Global events such as wars, supply chain disruptions, and political instability can impact crude oil prices and, consequently, fuel prices.
Dynamic Fuel Pricing:
India follows a dynamic fuel pricing mechanism, where prices are revised daily by oil marketing companies at 6:00 AM. This system, implemented in June 2017, aims to enhance transparency and limit speculative practices.
Historical Trends:
Over the years, petrol prices in India have generally increased, influenced by factors such as rising global crude oil rates, government policies, and geopolitical tensions. The trend towards alternative energy sources may influence future petrol price trends.
